Bitmine, crypto giant, has just purchased 26,659 ETH before suddenly slowing down its purchases. With 5.2 million ETH in its portfolio, the company is approaching 5% of the circulating supply. A bold strategy that questions the crypto market and could well redefine the future of Ethereum in 2026.
In brief
- Bitmine purchased 26,659 ETH ($63M) before slowing its purchases, approaching 5% of the circulating supply.
- Bitmine holds 5.2 million ETH ($12.3 billion), with massive staking generating $319 million in annual revenue.
- This strategic turnaround questions the market: anticipation of a correction or new phase of investment?
Bitmine slows down its Ethereum purchases: why this change?
Bitmine, the world's leading Ethereum (ETH) purchaser, has just announced a strategic slowdown after acquiring 26,659 ETH for $63 million in May 2026. The move comes after months of aggressive buying, peaking at 101,901 ETH in one week in April. With 5.2 million ETH in its portfolio (4.31% of the circulating supply), the company is approaching its objective of 5%, a symbolic threshold for influencing the crypto market.
Tom Lee, CEO of Bitmine, justifies this slowdown by the need to avoid overheating and explore other opportunities. Indeed, during Consensus 2026, he mentioned the alchemy of 5%, a target that could redefine the dynamics of Ethereum. This turnaround raises questions: Is Bitmine anticipating a market correction or is it preparing for a new phase of investment?
ETH staking, a little-known lever for Bitmine and crypto investors
Bitmine doesn't just buy ETH: it also stakes massively. Indeed, with 4.712 million ETH locked (more than 90% of its reserves), the company generates $319 million in annual revenue thanks to its MAVAN platform. A yield of 2.86% which could reach 352 million if his entire crypto portfolio was staked.
This model proves that Ethereum staking is no longer a niche, but a profitable strategy for large players. MAVAN, initially reserved for Bitmine, could open up to institutional investors, reinforcing the attractiveness of ETH as an asset generating passive income. For individuals, this approach inspires. What if staking became the new standard for maximizing your crypto holdings?
Bitmine reinvents the crypto strategy between accumulation and staking. Ethereum then becomes a key asset. But, this concentration raises a debate: how far can the influence of a single actor go on the crypto market? And you, would you be ready to stake your ETH today?
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