Short News View Non-AMP

BitMine Expands Ethereum Holdings to 5.62 Million ETH

Published by
Nidhi Kolhapur

BitMine acquired 76,881 ETH over the past week, increasing its total holdings to 5.62 million ETH. The company now controls about 4.66% of Ethereum’s total supply, making it one of the largest corporate holders of the asset. BitMine said its combined crypto and cash holdings have reached $10.4 billion, including roughly $285 million in cash. Investors will watch whether the company continues accumulating ETH and how its growing stake affects the broader Ethereum market.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Uniswap Faces a Critical Test at $3.20 After Sharp Rejection—Is UNI Heading to $3 or Loading Up for a $4 Rebound?

Uniswap price has come under renewed selling pressure after facing a sharp rejection from the…

August 15, 2026

Everyone Is Bearish on XRP—But On-Chain Activity Tells a Different Story: What’s Next for Price?

XRP price has been facing increasing selling pressure, with market sentiment turning noticeably bearish in…

August 15, 2026

Chainlink Breaks Above $9 — Can Whale Accumulation Drive LINK Price Above $12?

The Chainlink (LINK) price has finally broken out of the consolidation structure that had been…

August 15, 2026

Oil to Bitcoin: Norway and UAE Boost Wealth Funds via MSTR and BlackRock

Global oil giants Norway (the 12th-largest global oil producer) and the United Arab Emirates (UAE;…

August 15, 2026

XRP Price News Today: XRP Falls Below $1 as Experts Recall Bitcoin’s 470 ‘Death’ Calls

XRP fell below the $1 mark this week, touching as low as $0.99, as a…

August 15, 2026

Is Bitcoin Under $100K Cheap? Saylor Makes His Case, Skeptics Remain

Bitcoin has lost half its value since October, sliding from record highs to trade well…

August 15, 2026