Bitmine’s Ethereum stash hits over 4 million tokens after $40 million purchase, bringing total holdings to 4.06 million ETH. The company bought almost 100,000 ETH in the past week at an average price of $2,991 each. Chairman Tom Lee highlights milestone achievement in just 5.5 months. Source: Bitmine.

With ETH price back at $3,000, Bitmine’s stash turns profitable after October crash. The goal is to own 5% of total ETH supply, showing strong belief in asset and Ethereum ecosystem. Current holdings valued at $12.2 billion, 67% toward target. Rapid progress towards goal noted by Lee. Shares up 606% in past six months.

Bitmine plans to introduce staking solution called The Made in America Validator Network (MAVAN) in early 2026 to enhance value for investors. Staking infrastructure aims to be secure and best-in-class. The company’s Ether play launched in June has been a significant boost. Lee outlines future plans for growth.

Read more at Cointelegraph: Bitmine Surpasses 4M ETH Holdings After $40M Buy