Important points
- BitMine reportedly acquired an additional 41,946 ETH, increasing its Ethereum holdings to over 3.7 million units.
- BitMine plans to launch its MAVAN staking solution in 2026.
BitMine Immersion may have newly purchased Ethereum. According to data tracked by Lookonchain, wallets linked to the company acquired 41,946 ETH worth about $131 million on Thursday.
Earlier this week, there were reports that Bitmine may have purchased $55 million worth of Ethereum. A few days later, a wallet linked to BitMine withdrew $91 million in ETH from Kraken ahead of the Fusaka upgrade.
The Ethereum-focused treasury firm led by Tom Lee of Fundstrat reported holding more than 3.7 million ETH in its latest disclosure. At this pace, the company appears to be on track towards its goal of accumulating 5% of the total ETH supply.
Lee has expressed strong belief in Ether’s dominance in the future financial system due to its smart contract capabilities and role in creating new financial products.
BitMine plans to introduce the MAVAN staking solution in early 2026 to maintain its lead among crypto assets worldwide.
