Institutional cryptocurrency firm Bitmine, linked to Fundstrat, purchased 65,341 Ethereum (ETH) worth approximately $141.8 million last week. This acquisition brings the firm’s total Ethereum holdings to 4.66 million ETH, valued at over $10 billion. A significant portion of these holdings is reportedly staked, generating annual reward income for the company.
Bitmine Immersion Technologies added 65,341 ETH to its reserves, signaling one of its largest weekly acquisitions in 2026. The purchase expanded the firm’s total holdings to 4,660,903 ETH, placing it among the largest institutional holders globally.
Company leadership suggested that the firm aims to gradually control up to 5% of Ethereum’s total supply as part of its treasury growth strategy. The move underlines stable institutional confidence as firms continue to enlarge digital asset treasuries.
In total, Bitmine’s cryptocurrency and cash holdings reached around $11 billion, including Ethereum, Bitcoin, and cash reserves. These figures reflect the scale of the company’s digital asset strategy and its growing exposure.
The accumulation comes amid developments in Ethereum’s environment, including infrastructure extension and staking solutions. Data provided by CoinGlass indicates ETH was trading with mixed momentum at the time of the report.
Market analysts note that large institutional purchases frequently influence market sentiment by reflecting confidence. Continued buying activity by major treasury firms may contribute to sustained demand for the cryptocurrency across institutional markets.
