Bitmine is the publicly traded company with the most ETH in its possession.
The company already accumulates 4.66 million ETH in total.
Bitmine Immersion Technologies, the firm chaired by Tom Lee, continues to deepen its commitment to ether (ETH), the Ethereum cryptocurrency.
According to data of the Arkham explorer, the company purchased yesterday, Tuesday, March 24, 2026, another 67,111 ETH, worth approximately $144.8 million, through the Kraken exchange. The purchases would have been made through two addresses linked to the company.
The latest figure officially reported by the company indicates that Bitmine holds 4,660,903 ETH, equivalent to 3.86% of the circulating supply of the Ethereum cryptocurrency. However, this data still does not include the most recent purchase, so current holdings would be even higher (4,728,014 million) once the firm updates its records.
Bitmine is already the publicly traded company with the most ETH in its possession. One step below are SharpLink Gaming, with 863,021 ETH, and The Ether Machine, with about 496,712 coins.
The new move confirms that Bitmine shows no signs of slowing down its accumulation strategy. In fact, the company itself reported on Monday that it had purchased 65,341 ETH since its previous update, as reported by CriptoNoticias.
In this way, the company continues to move towards its goal of acquiring 5% of the total supply of ETH. That goal is equivalent to around 6 million coins. That is, based on the latest official figure reported by the firm, it would still need to add close to 1.4 million ETH to reach that goal.
In this regard, Tom Lee, president of Bitmine and founder of Fundstrat, justified this policy with a bullish medium-term vision on the digital asset. “Bitmine has maintained the increasing pace of ETH purchases over the past three weeks, as our base case is that ETH is in the final stages of the mini crypto winter,” he said in a statement released by the firm.
Bitmine strategy It comes at a time when ETH is trading well below its all-time highs (ATH) price.
At the time of publication of this note, ETH is trading at $2,177, 56% below its peak of $4,900, reached in August 2025.
That distance from the previous ceiling seems to be, precisely, part of the company’s investment thesis: accumulate while the asset still remains at low levels compared to its peak.
Although Bitmine continues to expand its ETH reserves, the market is not accompanying its actions with the same enthusiasm.
The company’s shares, identified with the ticker BMNR, fell 2.21% on Tuesday and closed at $21.19. Then, in post-close trading, they recovered 1.88%.
However, as seen in the graph, performance remains weak: In the last six months the company’s shares have accumulated a fall of close to 59%.
That contrast shows that Bitmine’s aggressive accumulation of ether has yet to translate into a sustained improvement in market perception of the firm.
Still, the company seems determined to maintain its roadmap, reinforcing a strategy that made it the largest known corporate holder of ETH.