BitMine’s Ethereum Holdings Near 3.5% Supply Milestone As ETH Falls Below $3,000

As the Ethereum (ETH) worth retests an important assist zone, BitMine revealed it has added one other $110 million price of ETH to its treasury holdings over the previous week, approaching an essential milestone for the corporate’s funding technique.

BitMine’s Ethereum Bet Continues

On Tuesday, BitMine, a Bitcoin and Ethereum Network Company with a give attention to accumulating crypto for long-term funding, announced its holdings had reached 4.2 million ETH tokens after buying 35,268 ETH, price roughly $110 million, previously week.

As a end result, the corporate, which is the biggest Ethereum Treasury firm on the earth and the second-largest world treasury, has crypto and money holdings totaling $14.5 billion at present prices.

According to the announcement, the corporate now owns 4,203,036 ETH at $3,211, 193 Bitcoin (BTC), a $22 million stake in Eightco Holdings as a part of its “Moonshots” initiative, and unencumbered money price $979 million.

After the newest buy, BitMine now holds 3.48% of ETH’s complete provide, and nears its objective to regulate 5% of the main altcoin’s 120.7 million provide. Notably, it has achieved practically 70% if “Alchemy of 5%” goal in simply six months.

BitMine’s chairman, Thomas “Tom” Lee, said that “Ethereum’s worth ratio to Bitcoin, or ETHBTC, has been steadily climbing since mid-October. In our view, this displays traders recognizing tokenization and different use circumstances being developed by Wall Street are being constructed on Ethereum.”

As of January 19, 2026, BitMine’s complete staked ETH stands at 1,838,003, price $5.9 billion at $3,211 per ETH, a rise of 581,920 ETH previously week.

ETH Price At Crucial Support Zone

Despite BitMine’s fixed wager on the cryptocurrency, Ethereum retraced practically all its 2026 positive factors after falling beneath the $3,000 barrier. On Tuesday, ETH recorded a 6.8% decline within the each day timeframe, dropping from the $3,200 space to a three-week low of $2,980.

The King of altcoins has been buying and selling between the $2,600-$3,350 space for the reason that November pullbacks, reclaiming the higher zone of this vary through the begin of the 12 months rally. Now, ETH is retesting an essential multi-support space that would outline the cryptocurrency’s short-term efficiency.

Analyst World of Charts affirmed that there are two “easy” prospects for Ethereum. If the worth loses the $3,000 space, which serves because the mid-zone of its native vary and a key macro assist and resistance degree, then a retest of the $2,600 lows turns into doubtless.

On the opposite, if the altcoin holds this zone within the each day timeframe and momentum builds, it might retest the vary’s higher boundary resistance once more.

Amid the pullback, one other pseudonym market observer additionally pointed out that ETH is at the moment retesting its 50-day Moving Average (MA), which was reclaimed initially of the 12 months and at the moment sits on the $3,089 degree.

According to the submit, if the 50-day MA holds, a move to the 200-day MA, situated across the $3,650 space, might come subsequent. “All eyes [are] on an in depth above the 50-day MA, which is able to level to a profitable again check,” he added.

As of this writing, ETH is buying and selling at $2,999, a 7% decline within the weekly timeframe.