Crypto News Today: BitMine’s Ethereum Exposure Pushes Past $13.2B With Fresh $105M Purchase
Yahoo Finance·2026-01-08 14:17

Group 1 - BitMine has acquired an additional 32,977 ETH valued at approximately $105 million in the first 8 days of 2026, bringing its total ETH exposure to over $13.2 billion, with $2.62 billion staked [1][2] - The company has adopted an "Ethereum-first" treasury strategy, actively deploying its ETH into validator operations to enhance its staking footprint and recurring yield [2] - BitMine now holds between 3% to 3.4% of the total circulating supply of ETH, indicating a significant position in the market [3] Group 2 - Following a 26% pullback in Ethereum's price in Q4 2025, the price surged above $3,000 to $3,091, suggesting a potential vote of confidence from traders [3] - BitMine's recent acquisitions reinforce the perception of Ethereum as a long-term asset, highlighting the company's commitment to its treasury strategy [3]

Crypto News Today: BitMine’s Ethereum Exposure Pushes Past $13.2B With Fresh $105M Purchase - Reportify