Bitmine Accumulates 44,463 ETH, Total Holdings Reach 4.11 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Ethereum Accumulation: Bitmine has increased its Ethereum holdings by 44,463 ETH during the recent market pullback, valued at approximately $130 million, bringing its total to 4,110,525 ETH, which constitutes about 3.41% of Ethereum's total supply, further solidifying its position as a major institutional holder.
- Long-term Strategic Positioning: By staking 408,627 ETH to earn yield while supporting the Ethereum network, Bitmine plans to expand its staking operations through the MAVAN validator network starting in 2026, demonstrating a strong commitment to the Ethereum ecosystem.
- Market Environment Utilization: Amid year-end seasonal tax-loss selling pressure, Bitmine has emerged as the largest source of fresh ETH buying during the recent market weakness, leveraging this environment to build its position at scale, reflecting sustained institutional demand for Ethereum.
- Future Aspirations: Bitmine aims to ultimately own 5% of Ethereum's total supply, a strategy that could not only impact Ethereum's liquidity and circulation but also potentially encourage other institutions to follow suit, further influencing market dynamics.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






