BlockBeats News, January 8 — Ethereum’s largest institutional holder, BitMine, has spent $105 million to buy ETH in the first 8 days of 2026. Notably, it still 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, valued at $12.6 billion, accounting for 3.36% of ETH’s supply. It has staked a total of 908,192 ETH, worth $2.95 billion.
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