Ethereum treasury company Bitmine has surpassed a major ownership milestone as its Ether accumulation strategy gains momentum.
This reflects sustained buying during a period of renewed strength for Ethereum prices. It also signals growing corporate confidence in ETH as a long-term treasury asset.
Rapid Ether accumulation pushes holdings past key threshold
Bitmine announced on Monday that its Ether holdings have now exceeded 4.06 million ETH following its latest $40 million purchase.
Blockchain analytics firm Lookonchain reported that the company acquired 13,412 ETH, valued at $40.61 million. The transaction formed part of an aggressive buying streak over the past week. In total, Bitmine added nearly 100,000 ETH during that period.
The company said it has acquired all its Ether at an average purchase price of $2,991 per token.
Chairman Tom Lee stated that Bitmine added 98,852 ETH in the past seven days alone. He described surpassing 4 million ETH as a critical milestone for the firm. Lee said the target was reached just 5.5 months after the company launched its Ether treasury strategy.
Ethereum’s price rebound toward the $3,000 level over the weekend pushed Bitmine’s holdings back into profit.
The company said its treasury had remained in the red since the October market crash.
At current market prices, Bitmine’s Ether holdings carry an estimated value of about $12.2 billion. According to Strategic ETH Reserve data, the firm has reached roughly 67% of its stated objective.
Additionally, Bitmine has repeatedly stated that it aims to control 5% of Ethereum’s total circulating supply.
Lee said the firm maintains a strong conviction in Ethereum and its broader ecosystem. He added that the company is already seeing operational synergies from its expanding ETH position.
Staking strategy and market response take shape
Beyond accumulation, Bitmine plans to integrate staking across its Ether treasury. The company said it expects to deploy staking in early 2026.
Lee said development continues on the Made in America Validator Network, known as MAVAN. He described the initiative as a secure staking infrastructure designed to support long-term value creation.
According to Lee, the MAVAN system will launch in early 2026. He said the network aims to provide reliable validator operations while leveraging Bitmine’s large Ether holdings.
The company views staking as a key next step in its Ethereum treasury strategy.
The market response to Bitmine’s ETH accumulation has been strong, with Bitmine shares, trading under the ticker BMNR, rising 606% over the past six months.