BitMine Adds $302 Million in Ethereum. ETH Price to hit $3100 before 2026?

BitMine Immersion Technologies has taken a big step in its current quest to purchase a huge chunk of the total supply of Ethereum. This is equivalent to 4.07 million ETH, or 3.37% of the entire supply of Ethereum tokens, which the company has currently amassed. This is a new move that will make BitMine closer to its grandiose ambition of controlling 5% of all ETH, a plan that it calls the “Alchemy of 5%”.

BitMine has a treasure of assets, which includes 4,066,062 ETH, that is worth about $12.42 billion, at the present price of ETH, which is $2,991. In addition to Ethereum, the company has 193 Bitcoin, cash worth $1 billion, and an equity investment in Eightco Holdings worth $32 million in its portfolio among other crypto assets. All in all, the total crypto, cash, and opportunistic assets of BitMine are an astounding $13.2 billion.

BitMine Just Bought $302 Million in ETH

BitMine has an impressive rate of growth in its Ethereum treasury. Even in the last week alone, it has received 98,852 ETH, which is approximately $302 million. This new purchase made its holdings go beyond the 4 million ETH mark, just a little more than 5.5 months after it launched its accumulation strategy. This kind of fast expansion is a testament to the aggressive expansion by BitMine to establish itself as the largest Ethereum holder in the world.

BitMine’s Groundbreaking Role in Crypto Markets

Tom Lee, the Chairman of Fundstrat, noted that BitMine is particularly important in connecting old finance with new on-chain infrastructure. With tokenization and decentralized finance (DeFi) increasingly gaining momentum, the role of BitMine as a frontrunner in these areas is becoming clearer. The firm has received substantial institutional support with investors like Cathie Wood of ARK Invest, Founders Fund, Pantera Capital, and Galaxy Digital offering their support.

BitMine has not been left behind in the equity markets and its shares, BMNR, are now the 66th most traded stocks in the U.S. with an average daily volume of trading of $1.7 billion. This makes it only second to Wells Fargo and second before Chevron in terms of trading activity, which is an indication of good confidence in the market.

ETH Reaches $3,077 Before Facing Resistance

The recent trading activity in Ethereum has been relatively positive as ETH price has risen by approximately 1% in the past 24 hours. When writing, ETH is trading at $2,995, which indicates a revived interest and minor bullishness in the market. The highest price of Ethereum was around $3,077 during the day, and this indicated that there was some intraday power before the cryptocurrency faced resistance. All in all, the current price movement reflects a cautious optimism of traders, as ETH is trading above the most important psychological levels in the overall mixed market.

Looking Ahead: Upcoming Plans and Shareholder Meeting

BitMine isn’t slowing down. The firm is on the verge of launching its Made in America Validator Network (MAVAN), which is a safe staking infrastructure platform that is likely to be launched in early 2026. Furthermore, the annual shareholder meeting of BitMine will be held at the Wynn Las Vegas on January 15, 2026, and the next stage of the ETH-centric strategy of this company will be introduced, and the regulatory processes that will define the future of financial markets in the United States will be discussed. With BitMine still leading the Ethereum treasury market, its fast growing presence is set to become one of the key factors in the emerging universe of crypto assets and institutional finance.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.