{"id":2699,"date":"2026-04-27T21:56:25","date_gmt":"2026-04-27T21:56:25","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2699"},"modified":"2026-04-27T21:56:25","modified_gmt":"2026-04-27T21:56:25","slug":"bitmines-ethereum-holdings-surpass-5-million-eth-after-record-purchase-since-december","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/27\/bitmines-ethereum-holdings-surpass-5-million-eth-after-record-purchase-since-december\/","title":{"rendered":"BitMine\u2019s Ethereum Holdings Surpass 5 Million ETH After Record Purchase Since December"},"content":{"rendered":"\n
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The company revealed earlier today that it acquired nearly 102,000 ETH in its latest transaction.<\/p>\n\n\n\n

Originally a Bitcoin mining operation, BitMine has transformed into a firm focused on accumulating Ethereum. Under the leadership of Tom Lee, it continues to expand its exposure to the largest altcoin and now controls more than 4.2 percent of the total ETH supply.<\/p>\n\n\n\n

Last week, the firm completed another significant purchase of 101,901 ETH, marking its biggest single acquisition since December of last year.<\/p>\n\n\n\n

Holdings Exceed 5 Million ETH<\/strong><\/p>\n\n\n\n

Tom Lee described the move past 5 million ETH as a major milestone, noting that the company is approaching ownership of 5 percent of Ethereum\u2019s total supply. He also highlighted how quickly the firm reached this level, achieving it in less than a year.<\/p>\n\n\n\n

He pointed to recent research, including findings from Etherealize, suggesting that Ethereum is evolving into a store of value and a key form of collateral as digital assets become more integrated into financial systems. According to Lee, Ethereum\u2019s performance since the onset of the Iran War has reinforced this role. He noted that ETH has outperformed the S&P 500 by 1,696 basis points during this period and remains one of the top performing global assets aside from crude oil.<\/p>\n\n\n\n

Lee also expressed confidence that the recent downturn in the crypto market is nearing its end, which has driven BitMine to accelerate its buying strategy with its largest purchase since December.<\/p>\n\n\n\n

He added that Ethereum continues to gain from two major trends, increasing adoption of blockchain tokenization by Wall Street and growing demand from advanced AI systems that rely on open and neutral blockchain networks. BitMine maintains that ETH remains a strong store of value, especially during uncertain times.<\/p>\n\n\n\n

The company has also staked more than 3.7 million ETH, valued at approximately 9 billion dollars based on current prices.<\/p>\n\n\n\n

Overview of Total Assets<\/strong><\/p>\n\n\n\n

Beyond its Ethereum holdings, BitMine maintains a diversified portfolio. This includes a 91 million dollar stake in Eightco, which it describes as one of the few publicly traded companies offering direct exposure to OpenAI. The firm also holds 940 million dollars in cash, 200 BTC, and a 200 million dollar investment in Beast Industries.<\/p>\n\n\n\n

BitMine ranks as the second largest corporate holder of cryptocurrency globally, behind the firm led by Michael Saylor. His company, Strategy, recently disclosed another Bitcoin purchase, bringing its total holdings to 818,334 BTC, valued at nearly 64 billion dollars at current market prices.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The company revealed earlier today that it acquired nearly 102,000 ETH in its latest transaction. Originally a Bitcoin mining operation, BitMine has transformed into a firm...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2699","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2699"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2699\/revisions"}],"predecessor-version":[{"id":2701,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2699\/revisions\/2701"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}