In April 2026, Bitmine struck hard by purchasing 101,627 ETH, its largest acquisition since the end of 2025. With more than 4% of the total Ethereum supply, the company is getting closer to its goal: holding 5% of ETH. A strategy that questions… What if institutional investors took control of Ethereum?
In brief
- Bitmine purchases 101,627 ETH in April 2026, its largest acquisition since December 2025, for an estimated $230 million.
- Bitmine now holds 4.12% of Ethereum's total supply, closing in on its goal of 5%, a threshold it describes as “5% alchemy.”
- Bitmine's massive accumulation of Ethereum is part of a long-term strategy, as the company anticipates a significant increase in the price of ETH.
Bitmine buys 101,627 ETH in 2026, its largest acquisition since December 2025
Bitmine just acquired 101,627 ETH, or around $230 million at current prices. This operation, the largest since December 2025, brings its total reserves to 4.97 million ETH, representing 4.12% of the circulating supply. A giant step towards its stated objective: reaching 5% of the total Ethereum supply! A target qualified as“5% alchemy” by the company.
This massive accumulation is part of a long-term investment strategy, while Bitmine is banking on the end of “mini crypto winter” and anticipates a significant increase in the price of ETH. The company, which also holds 199 BTC and assets in cash and stocks, strengthens its position as the largest institutional holder of Ethereum, ahead of players like Coinbase or The Ether Machine. Furthermore, with its recent entry into the NYSE, Bitmine confirms its ambition to become a central pillar of the Ethereum ecosystem.
Ethereum soon to be controlled by institutions? What impact on the price of ETH?
There ETH accumulation frenzy by players like Bitmine raises a crucial question. Is Ethereum on the way to becoming an asset controlled by institutions? With 4% of the supply already held by a single company, and other giants like Coinbase or SharpLink following, the decentralization of Ethereum could be called into question.
Such a scenario is not without consequences. Historically, a concentration of assets in the hands of a few players has often led to increased volatility and risks of market manipulation. However, some experts see it as a guarantee of stability. Indeed, the massive entry of institutional investors could attract colossal capital, boosting the price of ETH in the long term.
Bitmine and institutional investors are redrawing the landscape of Ethereum in 2026. If their accumulation could boost the price of ETH, it also raises the question of decentralization. One thing is certain, Ether has not finished making headlines, between historic opportunities and structural challenges. To be followed closely.
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