BitMine Buys $105M Ether To Kick Off 2026, Still Holds $915M In Cash

BitMine Immersion Technologies resumed Ether accumulation at the start of 2026, purchasing $105 million worth of ETH and signalling sustained confidence in Ethereum’s long-term prospects.

The acquisition was disclosed via a post from blockchain intelligence platform Arkham, marking BitMine’s first reported crypto purchase of the year.

Following the transaction, BitMine now controls 4.07 million Ether valued at approximately $12.6 billion, equivalent to 3.36% of Ethereum’s circulating supply, according to StrategicEthReserve data.

The company also maintains a sizable cash position of $915 million, offering flexibility for additional ETH purchases as it works toward its stated goal of holding 5% of total supply.

The buying activity coincides with increased staking operations. Data tracked by Lookonchain shows BitMine has staked over $2.87 billion in Ether, including roughly 128,000 tokens added recently.

Chairman Tom Lee said potential near-term price declines could present attractive long-term entry opportunities.

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