BitMine Resumes $105 Million Ether Purchases, Signaling Strong Confidence
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Increased Ether Holdings: BitMine resumed purchases with a $105 million investment in Ether, bringing its total holdings to 4.07 million ETH valued at $12.6 billion, demonstrating the company's strong confidence in Ethereum's long-term appreciation.
- Strategic Goal Advancement: With current holdings representing 3.36% of the market supply, BitMine aims to increase its Ether stake to 5%, enhancing its competitive position in the cryptocurrency market.
- Significant Staking Activity: The company has staked over $2.87 billion worth of Ether recently, further solidifying its influence within the Ethereum ecosystem and laying the groundwork for future revenue growth.
- Market Expectation Analysis: Despite analysts predicting a potential dip to around $1,800 for Ether in the first half of 2026, BitMine's investment strategy reflects an optimistic outlook on market recovery, which could yield long-term benefits for the company.
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.
