Cryptocurrency investment firm BitMine has accumulated 600,000 Ether, valued at over $2.2 billion, positioning itself as a major corporate holder of ETH. The company’s stated strategy includes staking a target of 5% of Ethereum’s total supply, demonstrating significant commitment to bolstering the network’s security and decentralization.
This substantial holding mirrors an emerging trend of corporate involvement in Ethereum, drawing parallels to MicroStrategy’s influential Bitcoin acquisition strategy that has historically supported BTC price floors. BitMine’s methodical accumulation follows expert advice on corporate treasury allocation to Ether, potentially underpinning long-term market stability and growth.
Comparable moves are visible across the corporate landscape. Companies like SharpLink Gaming and Bit Digital are also actively expanding their Ethereum positions, signaling growing institutional confidence and participation in the network. BitMine further contributes to Ethereum’s foundation by planning to operate 100% of its validator network within the United States, reinforcing network governance.
Industry analysts emphasize the critical role of robust treasury strategies in such large-scale holdings. BitMine’s planned staking and U.S.-based validation operation are cited as elements strengthening Ethereum’s overall network security and long-term growth trajectory.