BitMine increased its holdings by 40,302 ETH last week, bringing the total holdings to approximately 4.243 million

2026-01-26 21:33:37

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According to PR Newswire, the largest Ethereum treasury company BitMine announced that the total value of its held crypto assets, cash, and "potential project" investments amounts to $12.8 billion. This includes:

4,243,338 ETH;
193 BTC;
A $200 million equity investment in Beast Industries;
A $19 million equity investment in Eightco Holdings (NASDAQ: ORBS) (classified as "potential projects");
A total cash amount of $682 million.

The ETH held by BitMine accounts for 3.52% of the total ETH supply (120.7 million).

Bitmine Chairman and Fundstrat analyst Thomas "Tom" Lee stated, "In the past week, we have increased our holdings by 40,302 ETH, and since mid-October, the price ratio of Ethereum to Bitcoin (ETHBTC) has been steadily rising. We believe this reflects investors recognizing that Wall Street is building tokenization and other applications on Ethereum. To demonstrate the scale of Wall Street's construction on Ethereum, the Ethereum Foundation's official website has listed 35 major financial institutions building on Ethereum in just the past few months."

Additionally, Tom Lee mentioned that the amount of ETH currently staked by BitMine exceeds that of any other entity globally, and with a CESR of 2.81%, the annualized staking yield could reach $374 million, averaging over $1 million per day.

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