Bitmine’s stash crosses 4M ETH after latest $40M buy
Bitmine's Ethereum holdings surpassed 4 million ETH after a recent $40 million purchase, bringing its weekly total addition to nearly 100,000 ETH.Summary
Ethereum treasury company Bitmine announced that its Ether holdings have exceeded 4.06 million tokens, valued at over $12 billion, following its latest $40 million purchase of 13,412 ETH. This acquisition brought the total ETH added by the firm over the past week to almost 100,000, purchased at an average price of $2,991 per token. Chairman Tom Lee stated this milestone was achieved in just 5.5 months, noting that with ETH prices climbing back above $3,000, the stash is now profitable again after being underwater since the October market crash. Bitmine's long-term goal is to own 5% of the total ETH supply, and with its current holdings, it is 67% toward that objective. Furthermore, the company plans to deploy its staking solution, The Made in America Validator Network (MAVAN), in early 2026.
(Source：Cointelegraph)