BitMine Immersion Technologies (NYSE: BMNR), the aggressive corporate Ethereum treasury leader, has started 2026 with explosive momentum. In just the first 8 days of the year, the company deployed $105 million into ETH purchases, signaling unwavering confidence in Ethereum's long-term potential.
The company isn't just hoarding—it's actively staking. BitMine has locked up 908,192 ETH (worth ~$2.95 billion) in Ethereum's proof-of-stake network, earning yields while contributing to network security. With $915 million in cash reserves still on hand, BitMine has ample firepower for continued accumulation.
Under Chairman Tom Lee (of Fundstrat fame), BitMine is positioning itself as the world's largest corporate ETH holder, second only to MicroStrategy in overall crypto treasuries. The firm aims for the "Alchemy of 5%"—controlling 5% of all circulating ETH—while preparing to launch its Made in America Validator Network (MAVAN) in Q1 2026 for enhanced staking infrastructure.
This aggressive strategy highlights institutional conviction in Ethereum amid tailwinds like tokenization, stablecoins, and broader crypto adoption. BitMine's moves could reduce available supply and bolster ETH's price floor as the network evolves.
🤯 One company now controls over 3% of Ethereum—watch this space in 2026!
