While institutional purchases continue unabated in the cryptocurrency market, BitMine’s Ethereum holdings have reached a remarkable level. The company announced that it purchased 101,901 Ethereum in the last week, bringing its total holdings to 5.078 million ETH.
This move marks the company’s highest weekly buying pace since December 2025, making BitMine the largest holder of Ethereum among publicly traded companies.
According to data shared by the company, the latest purchase was worth approximately $241.4 million, with an average purchase price of $2,369 per ETH. This brings BitMine’s total Ethereum holdings to approximately 4.21% of the network’s total supply. This accumulation constitutes a significant portion of the company’s total $13.3 billion in crypto and cash assets.
BitMine also stated that its portfolio includes approximately $940 million in cash, 200 Bitcoin, and various high-risk equity investments. The company’s aggressive buying strategy appears to have accelerated, particularly in April, and previous announcements indicated that over 70% of its assets were staked.
Officials announced that approximately 3.7 million ETH are currently staked, generating around $264 million in annual revenue. It is projected that this revenue could reach up to $363 million if all assets were staked.
Analysts point out that with this strategy, BitMine is transforming from a classic crypto mining company into an Ethereum-focused investment vehicle.
*This is not investment advice.
