Major companies holding cryptocurrency are increasingly buying Bitcoin and Ethereum. Bitmine Immersion Technologies (BMNR) recently added a significant amount of Ethereum to its existing holdings – over 65,000 ETH. This move doubles down on their crypto investment strategy, despite current uncertainty in the market caused by global issues and cautious investors.
Bitmine Ethereum Holdings Hit 4.66 Million ETH
Bitmine revealed on March 23rd that it now holds a total of 4,660,903 ETH. The company recently added 65,341 ETH to its holdings in the last week, worth over $138 million. Throughout March, Bitmine has been actively buying large quantities of ETH, spending millions of dollars each week. This latest purchase is the third week in a row that they’ve increased their Ethereum holdings.
From late February to early March, Bitmine purchased a total of 111,976 ETH in two transactions, averaging around $1,970 per coin. They then added another 60,999 ETH around mid-March, bringing their total holdings to 4,595,562 ETH. Most recently, the company bought more ETH at approximately $2,072 per coin.
Bitmine has grown its cryptocurrency and cash holdings to around $11 billion after purchasing more Ethereum. This includes $1.1 billion in cash. With founder Tom Lee and current CEO Chi Tsang at the helm, the company continues to hold the world’s largest Ethereum treasury.
Bitmine currently owns 3.6% of all Ethereum in circulation – that’s over 120.6 million ETH. With its current buying strategy, the company plans to increase its ownership to 5% of the total ETH supply, which would give it around 6 million ETH.
Despite ongoing global issues like US-Iran tensions and a generally declining market, Bitmine is still buying Ethereum. This suggests the company believes Ethereum will recover and grow in the future, and they’re taking advantage of lower prices to increase their investment.
Lee believes the recent downturn in the crypto market is coming to an end. The CEO of Bitmine has consistently expressed optimism about Ethereum, even predicting it could reach $250,000. He thinks this growth will be driven by a major wave of tokenization, with Ethereum becoming a key foundation for the financial industry.
Bitmine’s Bitcoin Holdings
I’ve been watching Bitmine closely, and it’s interesting to see they’re not just focused on Ethereum. They’ve been quietly building up their Bitcoin holdings too. Their latest announcement said they now have 196 Bitcoin – just one more than the 195 they’ve been holding since early March. It’s a small increase, but shows continued confidence in Bitcoin.
While Bitmine consistently buys a significant amount of Ethereum each week, its Bitcoin holdings have remained relatively stable, with only small increases of one to three Bitcoins added periodically.
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2026-03-27 00:13