Haciyev Reşit 
Led by Tom Lee, BitMine purchased 45,759 Ethereum last week, significantly increasing its digital asset holdings. This move strengthens the company’s commitment to an Ethereum-focused reserve model while pushing its portfolio size to notable levels. Following the latest acquisition, BitMine’s total Ethereum holdings have reached 4.37 million ETH. Based on current market prices, these assets are valued at approximately $8.68 billion. This scale places BitMine among the companies holding the largest Ethereum reserves. Despite market volatility and price pressure, the latest purchase demonstrates that the company’s long-term strategy remains unchanged and that its accumulation policy continues steadily.
New Ethereum Move from BitMine
BitMine expanded its portfolio by acquiring 45,759 ETH last week. With this purchase, the company’s total Ethereum reserves climbed to 4.37 million ETH, clearly reflecting its systematic approach to increasing digital asset reserves. The acquisition highlights the implementation of a long-term accumulation model, independent of short-term market conditions. It also shows that digital assets are occupying an increasingly larger share of the company’s balance sheet. Under Tom Lee’s leadership, BitMine has adopted a particularly Ethereum-centric reserve strategy, continuing regular purchases despite market fluctuations.
The company’s average cost per Ethereum is reported to be approximately $3,820. However, considering current market prices, it is estimated that BitMine holds over $8 billion in unrealized losses across its total position. Despite this, the absence of any selling activity signals that the company remains committed to its long-term accumulation strategy and that short-term price movements have not altered its broader plan.
Potential Market Impact
Large-scale Ethereum accumulation by major companies directly affects the supply-demand balance in the market. Regular, high-volume purchases gradually reduce circulating supply, which can create upward pressure on prices over the long term. The growing presence of institutional capital in the market also accelerates broader financial ecosystem adoption of digital assets. According to market analysts, companies continuing to expand their Ethereum reserves could play a decisive role in shaping overall digital asset market trends throughout 2026. High-volume acquisitions not only influence price dynamics but also reinforce investor confidence, strengthening overall market sentiment. Such strategic accumulation moves are viewed as an important factor in maintaining positive long-term expectations.
Evaluation
BitMine’s latest purchase of 45,759 ETH confirms that the company continues to pursue its Ethereum-centered reserve strategy while steadily expanding its portfolio. With total holdings of 4.37 million ETH, BitMine remains one of the strong players within the digital asset ecosystem. Despite market volatility, this sustained accumulation model demonstrates that a long-term perspective lies at the core of the company’s strategy. Similar large-scale acquisitions are expected to continue influencing the direction of the digital asset market in the coming period.
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