The year is off to a strong start for Ethereum. The giant BitMine has just purchased $105 million worth of ETH, thus confirming its voracious appetite for the second largest asset on the crypto market.
In brief
- BitMine invests $105 million in Ethereum and targets 5% of total supply in 2026.
- The company is strengthening its strategy through massive staking and a treasury of $915 million.
BitMine relaunches the machine to buy Ethereum
BitMine marks an offensive return in 2026 with a massive purchase of $105 million in Ethereummr. Already holding more than 4.07 million ETH, the group now holds 3.36% of the total supply. Its objective: to reach 5% of global supply.
With $915 million still available in liquidity reserves, BitMine has a striking power that intrigues as much as it worries. At the same time, it continues to strengthen its staking exposure. This now exceeds the $2.87 billion in ETH locked. In just a few days, almost 128,000 tokens have been added to this strategy.
Ethereum attracts whales while the market doubts
BitMine is not alone in seeing potential in Ethereum. According to the datacrypto whales acquired $11.2 million worth of ETH across 38 wallets this week.
At the same time, newly created wallets absorbed $1.16 billion. Conversely, the smart money traders sold for $9.48 million. Which demonstrates a divide between long-term conviction and short-term prudence.
The post-bear market context of 2025 plays a key role. Some crypto analysts speak of a beneficial stress test which would have clarified the real dynamics of the sector. Massive staking, the resilience of Ethereum blockchain and the gradual arrival of institutional investment thus reinforce the credibility of an asset that is still undervalued according to some.
In any case, the vision is becoming clearer: Ethereum no longer only appeals to early adopters. It becomes the basis of institutional digital finance, capable of supporting colossal flows. And with its massive purchases, BitMine is sending a clear message: the time to build has begun.
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