BitMine continues to scale its investments in Ethereum, having acquired an additional 48,049 ETH for approximately $140 million. The new influx of crypto assets was likely made through a hot wallet on the FalconX exchange, and the addresses that received the tokens were created recently. Despite the lack of official confirmation from the company itself, industry experts note the continued growth of BitMine’s portfolio.
This is reported by Business • Media
BitMine Aims to Control 5% of Ethereum’s Supply
BitMine remains the largest corporate holder of Ethereum and has a strategic goal of owning 5% of the total supply of this cryptocurrency. According to the company’s official statement from December 15, 2025, BitMine already controls 3.96 million ETH, which at the current exchange rate is equivalent to approximately $11.63 billion. The average purchase price of the crypto asset is $3,074 per ETH.
At the time of this report, the market price of Ethereum was $2,932, indicating an unrealized loss of over $559 million in the company’s portfolio. Despite this, BitMine does not abandon its ambitious strategy of accumulating the digital asset.
“In 2025, there were many positive developments in the digital asset space, including the passage of favorable legislation by the U.S. Congress and supportive regulation, as well as increased backing from Wall Street. This reinforces our confidence that the best days for cryptocurrencies are still ahead, which is why we continue to accumulate ETH, striving towards our goal of ‘5% Alchemy’,” said the company’s head, Tom Lee.
Plans to Launch the MAVAN Staking Service
As part of the development of the Ethereum ecosystem, BitMine is actively preparing to launch its own staking platform. The service, called Made in America Validator Network (MAVAN), is set to begin operations in early 2026. This solution will allow the company not only to hold but also to effectively utilize its large volume of assets within the Ethereum network.
The term “5% Alchemy,” used by BitMine’s management, reflects the company’s strategic intention to control one-fifth of the total ETH supply to strengthen its position in the cryptocurrency market.