BitMine Goes All-In on Ethereum: Snaps Up $195M ETH Haul, Now Holds 3% of Entire Supply

BitMine Immersion Technologies just sent shockwaves across the cryptocurrency markets by grabbing approximately $195 million worth of almost 70,000 ETH in its most recent purchasing binge. Instantly launching BitMine into the top tier of international institutional ETH whales with companies like Grayscale and sovereign funds, the purchase pushes the firm's overall Ethereum holdings past 3.6 million tokens—equivalent to approximately 3% of Ethereum's total circulating supply.

This aggressive purchase is not a one-off; it follows a $82 million purchase of 28,625 ETH only weeks before, demonstrating BitMine is gladly buying every dip when most companies are still on the sidelines. Chairman Thomas Lee intensified the optimistic hypothesis, disclosing intentions to start MAVAN, a private secured staking network, in Q1 2026 that will transform the large ETH trove into a high-yield cash-flow device. With $800 million in free cash still on the balance sheet plus significant Bitcoin and treasury crypto exposure, BitMine has the dry powder to keep stacking.

From layer-2 scaling to institutional adoption and real-world asset tokenization, BitMine is betting the house on Ethereum’s long-term dominance. The actions draw a crystal-clear image. Possessing 3% of the circulating supply is not just a flex; it's a strategic castle that places BitMine as both a megaholder and a future Ethereum ecosystem infrastructure player. BitMine is quietly developing what might grow to be one of the most strong ETH-centric empires in cryptocurrency as retail panics over short-term volatility.