According to Mars Finance, on January 8th, BitMine, the largest holder of Ethereum, spent $105 million to buy ETH in the first eight days of 2026. Notably, it currently 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, worth $12.6 billion, representing 3.36% of the total ETH supply. It has also staked 908,192 ETH, worth $2.95 billion.
BitMine still holds $915 million in cash reserves, which may be used to further increase its ETH holdings.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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