BitMine Gobbles Up $110M Ethereum in Massive Dip Buy — Is the “Alchemy of 5%” Imminent?
BitMine Immersion Technologies has as soon as once more pushed itself to the heart of the crypto market after revealing a contemporary wave of Ethereum accumulation that displays how far the firm has come in simply six months.
The New York–listed agency disclosed on January 20 that it now holds 4,203,036 ETH, valued at roughly $13.5 billion at current costs, following weeks of regular purchases made throughout market weak spot.
Ethereum has declined by 10.8% over the previous seven days and is down 4.5% in the final 24 hours, presently buying and selling at $2,966.44.
The replace instantly reignited debate round BitMine’s said aim of buying 5% of Ethereum’s complete circulating provide, a goal the firm calls the “alchemy of 5%.”
Weekly ETH Buys Push BitMine Toward 5% Supply Mark
The numbers present how shut BitMine already is; with Ethereum’s circulating provide estimated at about 120.7 million ETH, a 5% stake would quantity to roughly 6.03 million ETH.
BitMine’s present holdings characterize about 3.48% of provide, leaving the firm needing roughly 1.8 million further ETH to achieve its said threshold.
At prevailing costs close to $3,000 per token, that remaining hole interprets into a number of billion {dollars} of capital, even earlier than accounting for market affect.
Company disclosures present that BitMine has been shopping for ETH almost each week since late October, together with greater than 35,000 ETH in the week ending January 20.
These purchases have taken place alongside broader volatility in crypto markets, reinforcing the agency’s message that it’s utilizing worth weak spot to construct a long-term place fairly than buying and selling short-term strikes.
Chairman Tom Lee has repeatedly framed the technique as accretive to web asset worth, emphasizing that the firm doesn’t intend to challenge shares under its inside estimate of mNAV.
That method seems to have gained shareholder backing, in order that even at BitMine’s January 15 stockholder assembly in Las Vegas, investors approved all four proposals put forward by management.
Tom Lee @fundstrat needs BitMine to lift its licensed share restrict to 50 billion to allow future inventory splits as its valuation tracks Ethereum.#Ethereum #BitMinehttps://t.co/C76OxSDEOP
— Cryptonews.com (@cryptonews) January 3, 2026
About 81% of votes solid supported the change, representing greater than half of all excellent shares.
Lee described the outcome as a transparent present that shareholders perceive and assist the ETH accumulation technique, whilst issues round dilution proceed to floor in market discussions.
BitMine Ramps Up Ethereum Staking as Treasury Swells
Beyond merely holding Ether, BitMine can also be transferring aggressively to stake its place. As of January 19, the firm had staked 1,838,003 ETH, price near $5.9 billion, up sharply from simply over 650,000 ETH earlier this month.
The staking effort presently depends on third-party suppliers, however BitMine is preparing to launch its own infrastructure, the Made in America Validator Network, or MAVAN, in early 2026.
BitMine @BitMNR plans an early-2026 launch of its MAVAN validator community, aiming to show a $12B Ether treasury into staking yield at scale.#BitMine #Staking https://t.co/YOlkeNouQu
— Cryptonews.com (@cryptonews) December 30, 2025
Using the present composite Ethereum staking charge of about 2.81%, the firm estimates {that a} totally deployed staking operation might generate roughly $374 million in annual charges, or greater than $1 million per day, assuming efficiency and community situations stay steady.
The scale of BitMine’s steadiness sheet now locations it in uncommon territory amongst public firms.
Its crypto, cash, and “moonshot” holdings total about $14.5 billion, together with almost $1 billion in money, a smaller Bitcoin place of 193 BTC, and fairness stakes comparable to a recently announced $200 million investment into Beast Industries.
— Cryptonews.com (@cryptonews) January 13, 2026
While that funding just isn’t instantly tied to the Ethereum technique, it displays BitMine’s broader effort to diversify alongside its core crypto treasury.
Following the information, Bitmine inventory is buying and selling barely above $28, far under its mid-2025 peak, but it stays one of the most actively traded shares in the United States, with common day by day greenback quantity round $1.5 billion.
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