BitMine Kicks Off 2026 With $105M Ether Buy, Retains $915M Cash Reserve
BitMine opened 2026 with a $105 million Ether purchase, increasing its staked ETH position to more than $2.87 billion. The company says the allocation is intended to generate passive yield through staking while it holds a $915 million cash buffer for liquidity and operational needs. The move keeps BitMine at the top of corporate ETH holders and highlights active balance-sheet deployment into crypto assets.
The buy is notable for both market signaling and protocol effects: additional long-term staking by large corporates can tighten liquid supply and reinforce demand for ETH, while offering firms an income-generating alternative to idle reserves. It also reflects a cautious treasury approach—pursuing yield but preserving cash—though exposure remains subject to price volatility and evolving regulatory scrutiny. Overall, the transaction underlines sustained institutional appetite for Ethereum-focused strategies as 2026 begins.