Overview
- BitMine said it acquired 138,452 ETH last week, raising its total to about 3.86 million tokens and speeding its weekly buying rate by roughly 156% versus four weeks prior.
- The firm reported $13.2 billion in crypto, cash and strategic stakes, including about $1 billion in cash, 193 BTC and a $36 million position in Eightco Holdings.
- Its Ether stash now represents just over 3.2% of circulating supply as the company publicly targets reaching 5% in the medium term.
- Management linked the acceleration to the Fusaka network upgrade and expected policy easing, while Chairman Tom Lee told Decrypt he believes ETH has already bottomed.
- BitMine plans to monetize holdings via its Made in America Validator Network staking rollout in early 2026, as BMNR remains heavily traded and the DAT model faces compressed premiums and sizable unrealized losses.