BitMine Logs Largest ETH Buy Since December, Adding $230M to Treasury

TL;DR

• BitMine added 101,627 ETH worth over $230 million, its largest weekly ether purchase of 2026 and biggest since Dec. 15, 2025, on record.
• The buy lifted holdings from 4,874,858 ETH disclosed on April 12 to roughly 4.97 million, pushing BitMine closer to its 5% supply target.
• BitMine also had 3,334,637 ETH staked in its last disclosure, showing the treasury strategy is built around scale, yield generation, and long-term Ethereum exposure.

BitMine has made its biggest ether purchase since mid-December, adding 101,627 ETH worth more than $230 million to its treasury and pushing its holdings to roughly 4.97 million ETH. The scale of the latest buy is difficult to ignore because it arrives at a moment when many digital-asset buyers are still acting defensively. The purchase stands out as the company’s largest weekly accumulation of 2026 and its biggest since Dec. 15, 2025. It also extends a buying campaign that has turned BitMine into one of the most aggressive public Ethereum treasuries in the market.

The new addition builds on a position that was already enormous, even by the standards of 2026 corporate crypto buyers. As of April 12, BitMine disclosed holdings of 4,874,858 ETH, equal to 4.04% of Ethereum’s 120.7 million supply, alongside 198 BTC, a $200 million stake in Beast Industries, an $85 million stake in Eightco, and $719 million in cash. That backdrop makes the latest purchase feel less like opportunistic accumulation and more like a deliberate march toward scale. With the new buy, BitMine is edging closer to its stated goal of reaching 5% of ETH supply.

Treasury Strategy Keeps Getting Bigger

BitMine’s Ethereum position is also not sitting idle. In its April 12 disclosure, the company said 3,334,637 ETH were staked, valued then at about $7.4 billion using a reference price of $2,206 per token. That alone made the company a heavyweight in staking. The treasury story, in other words, is no longer just about warehousing ETH, but about building a balance sheet that compounds through staking yield and capital markets visibility. The company has repeatedly framed its strategy around the “Alchemy of 5%,” a phrase that captures both its ambition and the speed with which it has expanded.

For Ethereum itself, the latest haul matters because treasury buyers of this size can reshape how the market thinks about demand, float, and long-term conviction. There is something striking about watching a single public company absorb another six figures worth of ETH just as corporate crypto strategies are becoming a more visible force across public markets. The purchase does not settle whether other firms will follow, but it reinforces BitMine’s role as one of the most consequential balance-sheet buyers in Ethereum’s current cycle. That is why this weekly number stands out.