Ethereum: Bitmine buys 101,627 ETH, its largest acquisition since 2025
ETH
APRIL
GMIX
In April 2026, Bitmine makes a strong move by buying 101,627 ETH, its largest acquisition since late 2025. With more than 4% of Ethereum’s total supply, the company is approaching its goal: holding 5% of ETH. A strategy that raises questions… What if institutions took control of Ethereum?
In brief
- Bitmine buys 101,627 ETH in April 2026, its largest acquisition since December 2025, for an estimated $230 million.
- Bitmine now holds 4.12% of the total Ethereum supply, getting closer to its 5% target, a threshold it describes as the “5% alchemy”.
- Bitmine’s massive accumulation of Ethereum is part of a long-term strategy, as the company anticipates a significant rise in the price of ETH.
Bitmine buys 101,627 ETH in 2026, its largest acquisition since December 2025
Bitmine has just acquired 101,627 ETH, approximately 230 million dollars at the current price. This operation, the largest since December 2025, raises its total reserves to 4.97 million ETH, representing 4.12% of the circulating supply. A giant step towards its stated goal: reaching 5% of Ethereum’s total supply! A target described as the “5% alchemy” by the company.
This massive accumulation is part of a long-term investment strategy, as Bitmine bets on the end of the “mini crypto winter” and anticipates a significant rise in the ETH price. The company, which also holds 199 BTC and assets in cash and stocks, strengthens its position as the leading institutional Ethereum holder, ahead of players like Coinbase or The Ether Machine. Additionally, with its recent listing on the NYSE, Bitmine confirms its ambition to become a central pillar of the Ethereum ecosystem.
Ethereum soon controlled by institutions? What impact on the ETH price?
The frenzy of ETH accumulation by players like Bitmine raises a crucial question. Is Ethereum on the path to becoming an asset controlled by institutions? With already 4% of the supply held by a single company, and other giants like Coinbase or SharpLink following, Ethereum’s decentralization might be challenged.
Such a scenario is not without consequences. Historically, concentration of holdings in the hands of few players has often led to increased volatility and market manipulation risks. However, some experts see it as a sign of stability. Indeed, massive institutional entry could attract colossal capital, boosting the ETH price in the long term.
Bitmine and institutions are reshaping Ethereum’s landscape in 2026. While their accumulation might boost the ETH price, it also raises questions about decentralization. One thing is certain, Ether still has much to say, between historic opportunities and structural challenges. To be closely watched.
