BitMine buys $105M Ether to kick off 2026, still holds $915M in cash
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The largest corporate ETH holder started 2026 with a $105 million Ether purchase, while surpassing $2.87 billion in staked Ether, seeking to generate passive yield on its holdings.
BitMine Immersion Technologies, the largest known corporate holder of ether, has resumed purchases of the cryptocurrency in the new year, signaling continued confidence in Ethereum even as some analysts expect near-term price weakness.
BitMine bought $105 million worth of Ether (ETH) in its first reported acquisitions of the new year, according to a Wednesday X post from blockchain data platform Arkham.
The treasury company now holds 4.07 million Ether worth $12.6 billion, representing 3.36% of the ETH supply, according to data from the StrategicEthReserve.
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