BitMine Acquires 44,463 ETH Amidste Year-End Market Dip, Now Holds 3.41% of Ethereum Supply

Summary:
BitMine has significantly increased its Ethereum holdings by purchasing 44,463 ETH during a market dip at the end of the year. This strategic acquisition positions BitMine as a major player in the Ethereum market, now owning 3.41% of the total supply. The company aims to further its long-term investment strategy while preparing to launch its staking infrastructure, MAVAN, in 2026.

Key Takeaways

Major Acquisition: BitMine bought 44,463 ETH last week, enhancing its position in the Ethereum market.
Significant Holdings: The company now owns 4.11 million ETH, equaling 3.41% of the total Ethereum supply, moving closer to its goal of 5%.
Staking Strategy: BitMine has staked over 408,000 ETH and anticipates generating substantial staking rewards.
Institutional Support: The company continues to gain backing from notable institutional investors and plans a key shareholder meeting in January 2026.
Market Confidence: BitMine's actions indicate strong confidence in Ethereum’s future as a crucial asset in global finance.

Ethereum

BitMine's Major Ethereum Purchase

BitMine has made headlines by purchasing a substantial amount of Ethereum, specifically 44,463 ETH, within just one week. This acquisition comes at a time when market pressures are leading to decreased prices as the year comes to a close. According to a press release from BitMine, this purchase positions them as what Tom Lee from Fundstrat describes as the largest source of new investment into Ethereum around the globe.

Lee pointed out that the fluctuations in the market during late December, particularly due to tax-loss selling activities from December 26-30, typically result in lower cryptocurrency prices. BitMine seems to be capitalizing on this opportunity to build its long-term exposure to Ethereum.

BitMine’s Ethereum Holdings Surge

As of December 28, BitMine holds a total of 4.11 million ETH, which is valued at approximately $12.1 billion based on Coinbase prices. This amount represents 3.41% of Ethereum’s entire circulating supply and brings the firm closer to its ambitious goal of owning 5% of all ETH.

In addition to Ethereum, BitMine's financial portfolio consists of 192 BTC, $1 billion in cash, and a $23 million strategic investment in Eightco Holdings, resulting in a total portfolio worth $13.2 billion.

Significant Staked ETH and Future Plans

In preparation for the launch of its own staking infrastructure, the Made in America Validator Network (MAVAN), in early 2026, BitMine has staked 408,627 ETH, equating to roughly $1.2 billion. The company projects that once they fully deploy all of their ETH holdings into staking, they could be earning over $1 million per day in rewards at scale, transforming their ETH accumulation into a consistent income stream.

With these holdings, BitMine currently holds the title of the world's largest Ethereum treasury and the second-largest cryptocurrency treasury worldwide, following Strategy (formerly MicroStrategy), which owns over 670,000 BTC.

Institutional Support and Upcoming Shareholder Meeting

BitMine has seen increasing support from high-profile institutional investors, such as ARK Invest's Founders Fund, Cathie Wood, Pantera, DCG, and Galaxy Digital, along with personal support from Tom Lee. Looking forward, BitMine will conduct its Annual Stockholder Meeting on January 15, 2026, in Las Vegas. During this meeting, management will encourage shareholders to endorse several crucial proposals related to their long-term strategy for Ethereum accumulation, staking initiatives, and overall capital structure.

As the year-end volatility persists, BitMine's proactive ETH purchases reflect a strong belief among institutional investors that the true value of Ethereum in the global financial landscape is yet to be fully recognized.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The opinions expressed here are those of the author alone and do not necessarily represent the views of The Crypto Basic. Readers should conduct their own research before making any investment decisions. The Crypto Basic assumes no responsibility for any financial losses.