$14.5 Billion: Ether Heavyweight Bitmine Just Beat Its Own Record
Analysis
Price Impact
HighBitmine's continuous massive accumulation of ether, reaching over 4.2 million eth and aiming for 6 million eth, signals strong institutional confidence and could absorb significant selling pressure, creating a strong demand floor.
Trustworthiness
HighThe report provides specific figures for eth purchases and total holdings, attributed to bitmine and its chairman tom lee, a known public figure in crypto.
Price Direction
BullishDespite recent market dips, bitmine's aggressive 'doubling down' on eth demonstrates strong long-term conviction, which can serve as a significant bullish catalyst, indicating smart money is accumulating at these levels.
Time Effect
LongThis is a strategic, sustained accumulation effort with a clear long-term target ('alchemy of 5%'), indicating that the positive price pressure from this buying will likely unfold over an extended period rather than a short-term spike.
Original Article:
Article Content:
Cover image via commons.wikimedia.org Read U.TODAY on Google News Bitmine Immersion just raised the stakes in crypto treasury warfare. In one of its largest single-week purchases to date, the company snapped up 35,268 ETH worth $108.7 million , pushing its total Ethereum holdings to an astonishing 4,203,036 ETH. Advertisement Based on current spot valuations near $3,085, Bitmine’s crypto stash now clocks in at $12.96 billion in Ethereum alone. This is so impressive that may seem delusional given that the price of ETH has been dropping hard in the last 24 hours, even breaking below the $3,000 mark as markets continue to react to the Greenland situation. HOT Stories Breaking: Strategy Now Owns 700,000 BTC Morning Crypto Report: $74.68 Million XRP Bull Makes Brutal Mistake, Bitcoin Briefly Hits $0 On Decentralized Exchange, Shiba Inu (SHIB) Delivers 5,407,865% Liquidation Shock: What Happened? Ripple CEO to Go Live in Davos U.Today Crypto Review: XRP's Biggest Price Bounce, Shiba Inu (SHIB) Still Fighting, Is Ethereum (ETH) Eyeing Third $3,500 Breakout? You Might Also Like Tue, 01/20/2026 - 14:52 Battle for Ethereum Is Unfolding Right Now: Details By Arman Shirinyan Advertisement The firm’s combined digital and cash reserves are valued at over $14.5 billion, including $979 million in cash and $22 million in high-risk investments like Eightco Holdings. At the same time, Bitcoin remains a sideshow in Bitmine’s strategy, with just 193 BTC on the books — less than 0.2% of total holdings. It is ironic, considering that Bitmine's boss Tom Lee is primarily known for his bullish stance toward Bitcoin . Alchemy of 5% Amid all this, Less revealed that Bitmine has reached 74% of its “alchemy of 5%” target, a cryptic benchmark popularized by Mr. Chairman that blends ETH dominance, strategic allocation and elusive alpha into a single treasury ratio. Advertisement Based on their internal trajectory, Bitmine will soon cross the six million ETH mark. BitMine is 74% of the way there to the 'alchemy of 5%' https://t.co/P7ol7YmCv4 pic.twitter.com/0kbx97kAMs — Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) January 20, 2026 Whether this accumulation spree is timed to front-run the next institutional ETH rotation or to solidify its position as the most unapologetic Ethereum maximalist, the message is undeniable: while others hedge, Bitmine doubles down. #Ethereum News #Bitmine #Ethereum