BitMine Acquires 40,613 ETH, Pushing Assets to $10 Billion

Edgen Crypto

·Feb 09 2026, 14:44

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Key Takeaways

Corporate treasury firm BitMine has significantly increased its Ethereum position, signaling strong institutional conviction in the asset. The large-scale accumulation reduces market supply and highlights a strategy centered on long-term holding and staking.

Major Accumulation: BitMine purchased 40,613 ETH over the past week, a substantial addition to its corporate treasury.
Dominant Holdings: The company now controls 4.326 million ETH, representing 3.58% of the total circulating supply.
Significant Scale: As of February 8, BitMine's total assets, including crypto, cash, and other investments, were valued at $10 billion.

BitMine Acquires 40,613 ETH in One Week

Ethereum-focused treasury company BitMine executed a significant accumulation strategy over the past week, acquiring 40,613 ETH. This purchase bolsters its already substantial holdings and demonstrates a continued bullish outlook on the digital asset. The acquisition is part of a deliberate corporate strategy to build one of the largest single institutional stockpiles of Ethereum.

Treasury Now Controls 3.58% of Total Ethereum Supply

Following the recent purchase, BitMine's total holdings have reached 4,325,738 ETH. This positions the company as a dominant force in the market, controlling 3.58% of Ethereum's total supply. The firm's total asset valuation stood at $10 billion as of February 8, a figure composed of its crypto assets, cash reserves, and other investments. Further underscoring its long-term commitment, BitMine has 2,897,459 ETH actively staked, which earns yield while helping secure the network. This large-scale removal of ETH from the open market tightens the available supply, which can create upward price pressure and signals growing institutional confidence in Ethereum as a core treasury asset.