Haciyev Reşit 
One of the most notable developments in the crypto market has been BitMine’s rapid accumulation of Ethereum. On-chain data shows the company has recently made significant ETH purchases, further strengthening its digital asset reserves. This move underscores BitMine’s commitment to its long-term Ethereum strategy.
BitMine Purchases 41,946 More ETH: Reserves Surpass $1 Billion
According to data shared by Lookonchain, wallets linked to BitMine purchased 41,946 ETH on Thursday, worth approximately $131 million. This additional purchase has pushed the company’s total Ethereum holdings to over $1.37 billion. BitMine aims to maintain its position among the largest digital asset treasuries by continuously reinforcing its reserves.
Earlier this week, BitMine was reported to have made another $55 million ETH purchase. Shortly after, a wallet associated with the company withdrew $91 million worth of ETH from Kraken ahead of the Fusaka upgrade. These on-chain movements suggest that the company is steadily executing a large-scale accumulation strategy.
Company Led by Tom Lee Aims for 5% of Total ETH Supply
BitMine, known as an Ethereum-focused treasury firm, is led by Tom Lee of Fundstrat. The company recently disclosed that it holds over 3.7 million ETH. If its current accumulation pace continues, BitMine could reach its target of acquiring 5% of the total ETH supply.
Tom Lee argues that Ethereum’s smart contract capabilities are a transformative force in financial systems. He believes Ethereum, as a foundational technology for new financial products, has significant long-term adoption potential.
MAVAN Staking Solution Coming in 2026
BitMine’s growth plans extend beyond ETH accumulation. The company intends to launch its staking solution, MAVAN, in early 2026. This initiative is seen as a key element of its strategy to maintain leadership in global crypto treasury management.
In its latest statement, BitMine management noted:
“Ethereum is becoming one of the building blocks of the digital finance ecosystem. We are taking strategic steps to strengthen our reserves and prepare for the financial infrastructure of the future.”
Conclusion
BitMine’s series of large-scale Ethereum purchases clearly demonstrates its long-term blockchain vision. Rapid reserve growth reflects both institutional interest and confidence in the Ethereum ecosystem. With the introduction of the MAVAN staking solution, BitMine is expected to further solidify its leadership in the sector.
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