Ethereum Treasury Company Bitmine Continues to Grow Its ETH Reserves! Here’s the Latest Purchase Amount
Bitmine, which has attracted attention with its institutional Ethereum investments, continues to grow its Ethereum reserves. According to information shared by on-chain data platforms, the company purchased 25,000 $ETH worth approximately $41 million on Wednesday, continuing its strategy of expanding the world’s largest institutional Ethereum treasury.
According to Lookonchain data, Bitmine purchased a total of 125,000 $ETH in the last three days. At current market prices, the total value of these purchases is approximately $205 million. While the company has not yet officially confirmed the latest transactions, Bitmine typically publishes its Ethereum purchases in weekly reports.
The amount of the latest purchase is largely similar to the purchase announced by the company last week. Bitmine announced on Monday that it purchased 126,971 $ETH for approximately $207 million last week. With this purchase, the company’s total Ethereum reserve has increased to 5,543,872 $ETH.
This amount represents 4.59% of the approximately 120.7 million $ETH in circulation. Thus, Bitmine has reached approximately 92% of its goal of owning 5% of the total Ethereum supply. The company’s CEO, Tom Lee, has previously stated that they view price drops in Ethereum not as a risk, but as a buying opportunity.
On the other hand, the Ethereum market experienced a significant decline in value in 2026. Having fallen by more than 44% since the beginning of the year, $ETH is currently trading at around $1,643. This has resulted in a substantial paper loss for Bitmine’s holdings. According to data, the company’s total unrealized loss on its Ethereum position has reached approximately $9.9 billion.
The company also filed for a Series A perpetual preferred share issuance earlier this month, offering an annual dividend yield of 9.5 percent. This funding instrument, slated to trade on the New York Stock Exchange under the ticker symbol BMNP, is expected to support Bitmine’s aggressive Ethereum accumulation strategy.
This is not investment advice.