BitMine Acquires 40,302 ETH in Largest 2026 Purchase After Share Expansion
The purchase increases BitMine’s Ethereum treasury to roughly 4.24 million tokens following shareholder authorization to expand capital-raising capacity [1].
BitMine Immersion Technologies purchased 40,302 ETH last week, a tranche worth about $117 million, bringing its Ethereum holdings to roughly 4.24 million tokens and representing approximately 3.52% of circulating supply after shareholders approved expanded capital-raising capacity [1].
The acquisition was reported as the largest ether purchase of 2026 to date; coverage places BitMine’s total crypto and cash holdings in the multibillion-dollar range, with outlets citing valuations around $12.3–12.8 billion [4][3][1].
Crypto news outlets noted the move amid broader institutional accumulation of Ethereum and covered the firm’s expanded treasury disclosures [2].
BitMine’s 40,302 ETH buy is the largest reported ether purchase so far in 2026 and underscores continued institutional activity in the Ethereum market [4][1].
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Citations
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- 1BitMine Acquires 40,000 ETH In Largest 2026 Purchase After Share ExpansionYellow• Jan 26, 2026
- 2Breaking: Tom Lee’s Bitmine Acquires 40,302 ETH as Whales Double Down On EthereumCoinGape• Jan 26, 2026
- 3$12.33 Billion: Ethereum Heavyweight Bitmine Hits New RecordU.Today• Jan 26, 2026
- 4BitMine, the largest Ethereum treasury firm, makes biggest ether purchase of 2026CoinDesk• Jan 26, 2026
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