en.bitcoinsistemi.com
Ethereum-focused treasury company BitMine announced last week that it purchased 50,928 Ethereum ($ETH). According to the company, the purchase was made at an average price of $1,976 per coin. This move significantly increased BitMine’s Ethereum reserves.
As of March 1, 2026, the company’s total crypto assets, cash reserves, and project investments reached a combined value of $9.9 billion.
According to current data, BitMine holds 4,473,587 $ETH. This amount has a market value of approximately $8.84 billion, making the company one of the largest institutional Ethereum investors.
BitMine’s portfolio doesn’t only include Ethereum. The company also holds 195 Bitcoin (BTC). In addition, with $868 million in cash reserves, the company stands out with its investments in various sectors.
BitMine holds a significant stake in Beast Industries with a $200 million investment, and has also invested $14 million in Eightco Holdings.
With this latest acquisition, BitMine has demonstrated its continued approach of positioning Ethereum as a long-term strategic reserve asset. The fact that institutional companies are considering digital assets as balance sheet items is interpreted as an indicator of increasing institutional adoption in the crypto markets.
*This is not investment advice.