Bitmine Invests $105M in ETH for Blockchain Growth

In keeping with blockchain information shared by Arkham on January 8, the corporate spent about $105 million on Ethereum in its first recorded purchase of the yr.

BitMine owns roughly 4.07 million ETH, valued at $12.6 billion, in line with figures from StrategicEthReserve.

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The corporate nonetheless holds about $915 million in money, as said in its January 5 replace. BitMine has prompt this money might go towards future Ether purchases. Its objective stays to regulate 5% of the entire ETH provide.

Latest blockchain exercise confirmed that BitMine has additionally been increasing its staking operations. Information from Lookonchain indicated that the agency has staked greater than $2.87 billion in Ethereum.

Tom Lee, BitMine’s chairman and co-founder of Fundstrat International Advisors, stated that whereas Ethereum might even see a short-term dip, he expects a stronger restoration later within the yr.

In an inside be aware shared on X, Lee predicted the worth might fall to round $1,800 within the first half of 2026 earlier than providing “enticing alternatives into year-end”.

Technique, the most important company Bitcoin holder, revealed that it started 2026 with a contemporary buy of 1,283 Bitcoin for $116 million. What did the corporate say? Learn the complete story.