Bitmine has expanded its Ethereum holdings to more than 5.2 million ETH, valued at approximately $12.08 billion, according to recent on-chain data shared by Lookonchain. The accumulation highlights growing institutional participation in Ethereum and reflects continued interest in staking-based treasury strategies during 2026.
Bitmine Adds 26,659 ETH in Latest Weekly Purchase
The data released by Lookonchain revealed that Bitmine bought another 26,659 ETH with a value of about $61.88 million in the previous week. This purchase increased their total holdings of Ethereum tokens to 5,206,790 ETH. The continuous buying trend is a result of the firm buying ETH for many months now in the year 2026.
These buys have been attributed to the investment practices associated with Tom Lee, whose market views on the ETH network have always projected its potential. The weekly buys data revealed that Bitmine was buying significant quantities of ETH each week from January to May. At times, the buys went over 100,000 ETH per week.
Also Read: Ethereum Price Analysis Shows ETH Testing $2,450 Breakout Zone
More Than 90% of Ethereum Holdings Are Staked
Bitmine has invested a substantial share of its ETH holdings into staking. As per the statistics, Bitmine has staked 4,712,917 ETH, amounting to roughly 90.51 percent of their total holdings. At today’s market prices, the stakes hold a value of close to $10.94 billion.
By staking, Ethereum owners can make money from network rewards while helping with the blockchain validation process. Staking has been increasingly adopted as an investment management technique by institutional investors to yield returns from their cryptocurrency investments. The high staking ratio implies that Bitmine has positioned its ETH holdings for long-term exposure.
Institutional Ethereum Demand Continues to Grow
The size of Bitmine’s portfolio speaks volumes about how institutions have been interested in Ethereum throughout 2026.
With more organizations adding to their portfolios through ETH, it becomes clear that there is increasing activity surrounding decentralized finance, tokenization, and staking solutions. Ethereum continues to be the leading blockchain network for smart contracts.
Analysts have pointed out that institutional staking may also affect the liquidity of the tokens in the marketplace since if a substantial proportion of the tokens is locked up in staking agreements, there will be less liquidity in the market since fewer tokens will be available for immediate trading.
Ethereum Treasury Strategies Gain Momentum in 2026
Corporate treasuries that involve digital currencies have moved past merely storing cryptocurrencies on their books. Firms are adopting methods such as staking and yield farming through decentralized finance networks as part of their asset management process. The proof-of-stake concept utilized by Ethereum has made it especially appealing to corporate treasuries.
Yet, one must consider the fact that such a strategy is fraught with some risks associated with market instability, protocol changes, and liquidity issues.
Major ETH stakeholders will experience difficulties when quick access to liquidity is required at moments of high volatility. Nevertheless, the company’s bold approach can be viewed as a reflection of its confidence in the future of Ethereum.
Also Read: Ethereum Price Analysis Shows ETH Testing $2,450 Breakout Zone
