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BitMine makes its first Ethereum purchase of the year, worth $105 million

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Bloomingbit Newsroom
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Summary

  • BitMine said it bought Ethereum worth $105 million, increasing its holdings to 4.07 million ETH.
  • BitMine said it holds 3.36% of total Ethereum supply and is maintaining capacity for additional purchases with a long-term goal of securing 5%.
  • Chairman Tom Lee said Ethereum’s price could correct to around $1,800 in the first half of 2026, but it could present a buying opportunity heading into year-end.

BitMine, known as the world’s largest corporate holder of Ethereum (Ethereum·ETH), has made its first Ethereum purchase of the year.

According to Cointelegraph on the 8th (local time), BitMine Immersion Technologies bought $105 million worth of Ethereum on the 7th (about KRW 152.5 billion). The figure was compiled based on disclosures released by the blockchain data platform Arkham.

With this purchase, BitMine’s Ethereum holdings increased to a total of 4.07 million. Based on Strategic Ethereum Reserve data, the market value is about $12.6 billion (about KRW 18.299 trillion), equivalent to 3.36% of total Ethereum supply.

BitMine also currently holds about $915 million (about KRW 1.3292 trillion) in cash and cash equivalents. The company is maintaining additional buying capacity with a long-term goal of securing 5% of Ethereum’s supply.

Its staking scale is also expanding. According to Lookonchain, BitMine has staked Ethereum worth about $2.87 billion (about KRW 4.1684 trillion) so far, and roughly 128,000 ETH were additionally deposited over the past few days.

Tom Lee, chairman of BitMine, projected that Ethereum’s price could correct to around $1,800 in the first half of 2026. He said such a pullback could present a buying opportunity heading into year-end, adding that this investment reflects expectations for Ethereum’s long-term value.

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