BitMine starts 2026 with a $105M ETH buy, lifting its treasury to 4.07M ETH while holding $915M cash and expanding staking.
BitMine Immersion Technologies just made a massive move to open the new year.
The company spent $105 million to buy more Ether. This purchase confirms their plan to stay the world’s largest corporate holder of the asset.
Even though some experts are worried about the short-term market, BitMine is moving full speed ahead.
BitMine Buys $105 Million in Ether
The latest data from Arkham shows exactly how much the firm is spending. This $105 million purchase is their first big deal of the year.
It brings their total stash to 4.07 million tokens. At today’s prices, that is worth about $12.6 billion. This represents over 3% of all Ether currently in existence.
Building a Massive Cash Reserve
Even after spending over $100 million, the company is still sitting on a mountain of money. They currently hold $915 million in cash, and this gives them a huge advantage.
If the price of Ether falls, they have the “dry powder” to buy the dip. This financial health makes them much stronger than smaller firms that might struggle during a market slide.
Tom Lee, the chairman of BitMine, has been very clear and vocal about the goal. He noted that he wants the company to reach the “Alchemy of 5%.” This means owning one out of every twenty Ether tokens in the world.
BitMine has nearly a billion dollars still in the bank and is well on its way to hitting that target soon.
Earning Passive Yield Through Staking
Ownership is only half of the story for this company, as Bitmine is also very active in staking. Blockchain data from Lookonchain shows that BitMine has staked over $2.87 billion worth of Ether so far.
Just in the last few days, they added another 128,000 tokens to the staking pool. This aggressive move helps them generate a “passive yield.” It also means that their holdings grow, even if they don’t buy a single new token.
For a company of this size, these rewards can equal millions of dollars in extra income every month.
The Made in America Validator Network
BitMine is also building its own technology to handle this process, called the Made in America Validator Network, or MAVAN.
They plan to launch this fully in the first quarter of the year and instead of paying other companies to stake for them, they will run their own hardware. This keeps more profit inside the company and increases its security.
This trend toward internal tools shows that the firm is maturing and is becoming more than just a treasury company.
Related Reading: ETH Exit Queue Hits Zero: Supply Shock Incoming?
Market Outlook for The Year
The start of 2026 has been a mixed bag for many investors. For example, Tom Lee expects some price weakness in the first half of the year. He mentioned that Ether might even drop to $1,800 at some point.
While that sounds scary to some, lee views it as a great opportunity. He believes a drawdown would create “attractive opportunities” before the year ends.
BitMine is not the only big player buying the dip. Data from Nansen shows that other “whales” are also busy. In just one week, these big buyers picked up over 11 million dollars in Ether.
Nansen data shows that other whales are jumping in | source: NansenNew wallets also bought over 1 billion dollars worth of the asset recently.
This shows a divide in the market. While some “smart money” traders are selling to take profits, long-term holders are stepping in.
These buyers believe that the end of last year was a “stress test” for the market. Now that the industry has passed that test, it is ready for institutional capital to flow in more freely.
Source: https://www.livebitcoinnews.com/bitmine-buys-another-105-million-in-eth-to-kick-off-the-year/
