Largest corporate Ether holder expands ETH position while increasing staking exposure
BitMine Immersion Technologies, the largest known corporate holder of Ether, has begun 2026 with a significant cryptocurrency acquisition, reinforcing its long-term commitment to Ethereum despite expectations of short-term market volatility.
At the start of the year, BitMine purchased $105 million worth of Ether (ETH), marking its first reported acquisition of 2026. Following this purchase, the company’s total holdings reached 4.07 million ETH valued at approximately $12.6 billion. This represents 3.36% of Ethereum’s total circulating supply, placing BitMine in a uniquely influential position within the Ethereum ecosystem.
Strong Cash Position Supports Future Acquisitions
Alongside its growing ETH balance, BitMine reported $915 million in cash reserves. The company has stated that this capital may be deployed toward additional Ether purchases as it works toward a strategic objective of controlling 5% of the total ETH supply.
BitMine has also expanded its staking operations, with more than $2.87 billion worth of Ether now staked. Recent activity includes the addition of roughly 128,000 ETH, allowing the firm to generate passive yield while reducing circulating supply.
The investment signals confidence in Ethereum’s long-term value and network fundamentals, even as some analysts anticipate a potential price drawdown during the first half of 2026. BitMine’s approach reflects a broader institutional focus on accumulation, staking, and long-term positioning rather than short-term price movements.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.