BitMine still holds $915 million in cash reserves, which may be used to further increase its ETH holdings.
AI Summary1 min read
TL;DR
BitMine spent $105 million on ETH in early 2026 and holds $915 million in cash, potentially for more purchases. It aims to own 5% of ETH supply, currently holding 3.36% worth $12.6 billion, with $2.95 billion staked.
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EthereumSmart ContractsLayer 1BitMinecryptocurrency investmentcash reservesETH staking
According to Mars Finance, on January 8th, BitMine, the largest holder of Ethereum, spent $105 million to buy ETH in the first eight days of 2026. Notably, it currently holds $915 million in cash reserves, which may be used to purchase more ETH. BitMine is moving towards its strategic goal of accumulating 5% of the circulating ETH supply. According to StrategicEthReserve data, BitMine currently holds a total of 4.07 million ETH, worth $12.6 billion, representing 3.36% of the total ETH supply. It has also staked 908,192 ETH, worth $2.95 billion.