Bitmain has no intention of retreating; Accumulating another $105 million Ethereum in 2026!

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BitMine, Ethereum’s largest corporate holder, kicked off 2026 by buying $105 million worth of Ethereum, showing confidence in ETH’s future despite some analysts predicting short-term price weakness.

Bitmain now holds 4.07 million ETH, equivalent to $12.6 billion, which is 3.36% of Ethereum’s total supply.

At the same time, this company has kept 915 million dollars in cash in the treasury so that it can easily enter the market if it needs to buy more. Bitmain’s long-term goal is to buy and accumulate 5% of the total Ethereum supply.

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In addition to cash purchases, the company’s participation in the Ethereum network has also intensified and has staked more than $2.87 billion in ETH.

Meanwhile, Bitmine CEO Tom Lee has warned that the price of Ethereum may drop to around $1,800 in the first half of 2026, but this drop could provide attractive investment opportunities by the end of the year.

These moves show that whales and institutional investors still have faith in Ethereum, and a wave of accumulation and a return to the bullish trend is likely to form in the market.