BitMine Acquires $105 Million in ETH to Kick Off 2026, Retains $915 Million in Reserves

BitMine Continues Ether Acquisitions

BitMine Immersion Technologies, the largest corporate holder of Ether, has resumed cryptocurrency purchases in the new year, signaling its continued confidence in Ethereum despite analysts' expectations of a short-term price decline. The company has acquired Ether worth $105 million, according to a recent post on the blockchain data platform Arkham.

The company's treasury now holds 4.07 million Ether, valued at $12.6 billion, which represents 3.36% of the total ETH supply. BitMine also maintains $915 million in cash reserves, which it could utilize to purchase even more ETH as part of its strategy to accumulate 5% of the total supply.

These recent acquisitions follow a significant increase in BitMine's staking activity, which has deposited over $2.87 billion in Ether, including approximately 128,000 tokens added in recent days. This $105 million investment reflects confidence in the long-term appreciation of Ether's price, even as a decline to around $1,800 is predicted in the first half of 2026.

Whales, large cryptocurrency investors, recently purchased $11.2 million in Ether, indicating that interest in this cryptocurrency remains high. Additionally, other traders sold $9.48 million during the same period, according to data from the Nansen platform.

In summary, BitMine continues its strategy to strengthen its market presence through intelligent acquisitions, emphasizing confidence in the future of Ethereum and the cryptocurrency industry as a whole.