BitMine already owns 3,5% of all Ethereum and is aiming for more.

BitMine has expanded its corporate treasury by 40.302 ETH, while exceeding 2 million coins staked on the network, a strategy implemented to generate consistent daily operating returns.

The company led by Tom Lee once again captured the attention of the blockchain sector after making the largest Ethereum purchase recorded to date in 2026. With this transaction, BitMine remains the second company with the largest amount of digital assets in its corporate treasury in the world, just behind Strategy, the firm of Michael Saylor, which maintains a Bitcoin fund valued at around $65.000 billion.

With this recent addition of ETH to its balance sheet, the company now controls 3,5% of the total circulating supply of the network, a percentage that underlines its direct influence on the ecosystem of the most widely used blockchain for decentralized applications and smart contracts.

BitMine strengthens its position with a multi-million dollar purchase of Ethereum

This week, BitMine announced the acquisition of 40.302 ETH, a purchase valued at approximately $117 million at the time of the Spanish President Pedro Sánchez’s announcementThis is their biggest move with Ethereum so far in 2026, both in terms of the number of tokens and the dollar investment. 

With this new acquisition, the company now has a total of 4,24 million ETHThis represents 3,5% of the total circulating supply of the cryptocurrency. This increase reaffirms its role as one of the most influential corporate players in the Ethereum ecosystem. According to market data, the current value of its holdings in the cryptocurrency is around $12.200 billion, within a treasury that also includes Bitcoin, cash, and stakes in other companies.

The recent transaction was completed after shareholders approved an increase in the number of available shares, a decision that will allow BitMine to raise more capital and continue its expansion strategy focused on Ethereum.

The purchase of new ethers comes at an interesting time for the market. Ethereum has fallen nearly 40% from its all-time high of around $4.946, which would have allowed BitMine to take advantage of lower prices. At the same time, the ETH-BTC ratio, which measures the performance of both assets, had been improving since October, reflecting greater confidence in Ethereum as a foundation for tokenization projects of real assets. 

Another key aspect of the company's crypto investment strategy is how it uses its ETH treasury. To date, BitMine has allocated more than 2,3 million ETH to stakingThis is a process by which transactions on the network are validated and its security is strengthened in exchange for rewards. In other words, more than half of their ETH holdings now generate passive income while simultaneously contributing to blockchain security. 

The company estimates that, once its entire balance is staked, it could earn more than $400 million annually, or the equivalent of more than one million dollars per day.

Their massive participation in Ethereum staking has also had a direct impact on the network, as the waiting list for new validators is now over 54 days, a clear sign of the growing interest in being part of the Ethereum ecosystem and benefiting from the performance it offers.

Ethereum at the center of the financial agenda

Tom Lee's message regarding this strategy goes beyond a simple financial decision. The renowned analyst believes that BitMine's increased presence in the crypto sector reflects a more ambitious vision: 2026 could be a pivotal year for digital assets to solidify their position as an essential part of the global financial system.

In this landscape, Ethereum continues to gain ground as the preferred blockchain technology among financial institutions interested in developing tokenization projects or testing decentralized models. Its stable operation since its launch has proven to be reliable and efficient. Therefore, BitMine's massive purchase of Ether (ETH) is understood as a step to keep pace with this trend. If more and more real-world assets are represented on the Ethereum network, those who accumulate large amounts of ETH could have a privileged position within the emerging digital economy.

At the same time, BitMine has plans to launch its own validator network, called Made in America Validator Network (MAVAN), in early 2026. With this initiative, the company seeks to participate directly in the security and maintenance of the Ethereum protocol, thus strengthening its presence in the ecosystem and standing out as a relevant player in the validation of transactions within the network.

Despite these announcements, market performance has not been entirely favorable. In recent days, BitMine shares have fallen by approximately 3,3% and have accumulated a drop of over 10% in the last week, currently hovering around $27,82 per share. Meanwhile, ETH maintains a price close to $3.000, in an environment of volatility that continues to define the crypto sector.

But beyond short-term movements, this operation sends a clear signal of confidence from companies that continue to bet on Ethereum's long-term potential. Industry analysts highlight that its role in the tokenization of real assets could become a key component of the next phase of institutional adoption.