BitMine increased its ETH reserves: a new purchase of $92 million and a strategy for 2026
Over the past week, BitMine Immersion Technologies acquired 52,203 ETH worth approximately $92 million. While significant, this deal was more modest than the two previous weekly purchases. As a result, the company's reserves grew to 5.67 million ETH, valued at nearly $10 billion at current prices. Thus, BitMine now controls 4.7% of the entire circulating supply of Ethereum.
Accumulation Strategy: Stability, Not a Race
Company Chairman Tom Li confirmed that BitMine intends to maintain a steady pace of asset accumulation throughout 2026. This statement indicates long-term confidence in Ethereum's fundamentals, despite potential market fluctuations. The current pace of purchases suggests a systematic approach rather than a speculative impulse.
From my perspective, this strategy turns BitMine into one of the key institutional players in the ETH market. Given that the company already holds nearly 5% of the total supply, its further actions will have a noticeable impact on the liquidity and price dynamics of the second-largest cryptocurrency by market cap. The market should closely monitor the company's next report — if the pace of purchases accelerates, it could become a powerful bullish signal for the entire altcoin sector.