Bitmine purchased 111,942 ETH in its largest single acquisition of 2026 after prices fell below

Bitmine purchased 111,942 ETH in its largest single acquisition of 2026 after prices fell below $2,200, bringing its total holdings to about 5.39 million ETH — roughly $12.3 billion in assets and about 4.47% of Ethereum’s circulating supply ^{[1] [2] [3]}.

The company has staked 87% of its Ethereum holdings through its MAVAN staking infrastructure, a position the firm says produces approximately $276 million in annual staking income ^{[1] [2]}.

Bitmine Chairman Tom Lee described the move as part of a broader bet on an incoming "crypto supercycle" that he says will be driven by institutional tokenization and artificial intelligence agents, framing the accumulation and staking as strategic positioning for that outlook ^{[1] [4] [5]}.

Taken together, the record purchase and high-stake ratio underscore Bitmine’s concentrated exposure to Ethereum ahead of the outcome Lee outlined ^{[1] [2]}.