Bitmine buys 101,627 ETH in largest purchase since December 2025
Bitmine bought 101,627 Ether last week, lifting holdings to 4,976,485 ETH, or about 4.12% of supply, as the company moves closer to its 5% target.
Bitmine executed its largest Ethereum purchase since December 2025 last week, acquiring 101,627 ETH in a significant market move. The acquisition brings the company's total Ethereum holdings to 4,976,485 ETH, representing approximately 4.12% of the cryptocurrency's total supply. The purchase marks a substantial step toward Bitmine's stated goal of accumulating a 5% stake in Ethereum.
The timing of this major acquisition comes as institutional interest in Ethereum continues to grow across the cryptocurrency sector. Bitmine's aggressive accumulation strategy has positioned the company as one of the largest corporate holders of Ethereum, following a pattern similar to other major institutional players who have built significant cryptocurrency reserves over the past several years.
This substantial purchase could signal renewed institutional confidence in Ethereum's long-term prospects, particularly as the network continues to evolve with ongoing technological developments. The acquisition of over 100,000 ETH represents a notable vote of confidence from a major institutional player, potentially influencing market sentiment and other institutional investment decisions in the coming months.
Market participants will be closely monitoring whether Bitmine continues its accumulation strategy to reach its 5% target, which would require purchasing approximately 423,000 additional ETH. The company's next moves could provide important signals about institutional appetite for Ethereum exposure.
Source: Cointelegraph
