- BitMine bought $237 million worth of Ethereum, increasing its holdings to 5,39 million ETH.
- Stacking Ethereum becomes the main source of income for BitMine.
BitMine Immersion Technologies has acquired 111,942 ETH for nearly $237 million, increasing its assets to 5,39 million ETH. This marks the company’s largest purchase of 2026.
The organization now controls approximately 4,47% of all Ethereum in circulation. As a reminder, BitMine’s goal is to own 5% of altcoins (120,7 million ETH), and as we can see, the company is close to achieving this ambitious goal. In addition to Ethereum, BitMine’s investment portfolio includes 203 BTC, $444 million in cash, and stakes in Beast Industries and Eightco Holdings.
Amid the company’s largest ETH purchase of the year, Chairman Tom Lee reiterated the theory of a coming supercycle for cryptocurrencies and ETH, driven by Wall Street’s interest in tokenization and AI-powered agents.
We still expect a supercycle for cryptocurrencies and Ethereum, driven by two factors: tokenization on Wall Street and agent-based artificial intelligence. Therefore, we continue to steadily acquire ETH. Bitmine currently holds nearly 5,4 million ETH tokens. сказал Lee.
Previously edited Happy Coin News ReportedTom Lee predicts the flagship altcoin will reach $60,000 in the coming years. Meanwhile, Bitmine has staked over $4,7 million in Ethereum and expects to generate $276 million in annual revenue.
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