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BitMine Boosts ETH Treasury to 4.53 Million After Largest Weekly Purchase of 2026

Executives cite a potential market bottom to justify the faster accumulation.

Overview

  • The firm bought 60,976 ETH last week, lifting its holdings to 4,534,563 tokens, equal to about 3.76% of Ethereum’s supply.
  • About 3,040,483 ETH are staked, producing roughly $174 million in annualized revenue, with a full-staking push tied to the planned MAVAN rollout in early 2026.
  • Total crypto, cash and strategic assets are reported at approximately $10.3 billion, including $1.2 billion in cash, 195 BTC and equity stakes in Beast Industries and Eightco.
  • Arkham-tracked wallets show a 5,300 ETH transfer to Coinbase Prime, a move consistent with custody or staking activity rather than necessarily a sale.
  • DropsTab estimates roughly $7.8 billion in unrealized losses on the ETH position as valuation concerns linger and short sellers warn of post‑Fusaka staking‑profitability compression.