Bitmine’s Ethereum Stash Hits 3.73M Tokens Amid Fresh Accumulation Push

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Bitmine has once again flexed its crypto muscles, quietly amassing a treasure trove of ether, making it one of the largest ETH hoarders in the universe. Its long-term goal? A modest 5% of Ethereum‘s entire supply. Because who doesn’t dream big? 😏

Bitmine Now Controls Over 3% of All Ether

Bitmine’s latest stunt shows it’s still on the ether-gathering spree, now holding a cool 3.73 million ETH, alongside $882 million in cash and a collection of other crypto assets. The company’s total stash now sits at a comfortable $12.1 billion, which is less like a piggy bank and more like a crypto-holding fortress. 🏰

In case you missed it, this weekend, Bitcoin.com News shared the juicy details about Bitmine’s latest purchase, just before Monday’s big reveal. And let’s be clear: they are now the proud owners of the world’s largest Ethereum treasury, which they like to keep in the company of other crypto titans. Think of it as the crypto equivalent of having your name on the Hollywood Walk of Fame.

Over the past week, Bitmine swooped up an impressive 96,798 ETH-because, you know, why not? It’s all part of their meticulously timed plan ahead of Ethereum’s Dec. 3 Fusaka upgrade. According to the company, this strategic move is all about enhancing scalability, security, and user experience. Or in simpler terms, making sure Ethereum doesn’t crash when you’re trying to buy your next NFT.

And let’s not forget the larger economic picture: Bitmine’s leadership is keeping a sharp eye on the Federal Reserve’s December plans, with a projected rate cut looming. As if they’re making crypto moves based on the whims of the Fed-oh, to be a market-making genius, right?

Fast forward to seven weeks after October’s liquidations, and voilĂ -Bitmine feels confident enough to boost its weekly Ethereum buys by 39%. Because when you have a multi-billion-dollar empire, why not add a bit more ETH to the stack? 🤑 The company’s diverse crypto portfolio now includes 192 bitcoins, a $36 million stake in Eightco Holdings, and what they call their “moonshots”-basically, risky bets on long-term crypto gems.

All in all, Bitmine controls over 3% of Ethereum’s circulating supply, which puts them two-thirds of the way toward their audacious “Alchemy of 5%” goal. Yes, alchemy. No, not the magical kind-though we wouldn’t be too surprised if they threw in a little wizardry on the side.

As if that wasn’t enough, Bitmine is also developing MAVAN, which stands for “Made in America Validator Network” (they couldn’t resist the acronym, could they?). This high-security staking infrastructure is slated for release in early 2026. No big deal. It’s only going to be the backbone of all future yield-generating operations. No pressure, right?

But wait, there’s more. Bitmine is now the 39th most-traded stock in the U.S., with around $1.7 billion in daily turnover. That’s right, folks: Salesforce watch out, Bitmine is coming for your liquidity crown! 🎉

Oh, and don’t forget their shareholders meeting, coming up on January 15, 2026. Hosted at the Wynn in Las Vegas, no less. So mark your calendars, because if there’s one place to talk crypto, it’s a swanky casino in Vegas.

FAQ ❓

  • Q: How much ether does Bitmine currently hold?
    A: Bitmine now holds 3.73 million ETH, which is more than 3% of Ethereum’s total supply. Yes, you read that right.
  • Q: Why did Bitmine accelerate its ETH accumulation this week?
    A: They are all about the upcoming Dec. 3 Fusaka upgrade and some favorable macro signals. In short: big moves for big gains.
  • Q: What is Bitmine’s total crypto and cash position?
    A: A cool $12.1 billion. That’s a lot of zeros, folks.
  • Q: Is Bitmine working on staking infrastructure?
    A: Oh yes, they’re building MAVAN, a staking network ready to roll out in 2026. Get excited.

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2025-12-01 22:10