Ark Invest increased its holdings by over 270,000 shares of BMNR on the 2nd, optimistic about the company’s long-term value of holding 4.285 million ETH.
(Background: Bitmine repurchased nearly 42,000 ETH! Total holdings expanded to 4.285 million ETH, but unrealized losses soared to $6.5 billion)
(Additional context: BitMine pledged another 170,000 ETH! Total locked-up nearly 2 million ETH, worth $5.73 billion)
The world’s largest Ethereum reserve company, Bitmine (BMNR), currently holds 4.285 million ETH, accounting for 3.52% of the total circulating supply of Ethereum. However, amid Ethereum’s price falling below $2,400, Bitmine closed on the 2nd with a sharp drop of 9.16%, at $22.8, hitting the lowest since June last year.
ETH Price Trend
Female Stock Guru Buys on Dips
Meanwhile, Cathie Wood’s Ark Invest, known as the “Female Stock Guru,” has made another move, purchasing approximately 274,358 shares of BMNR through its ETF, indicating that despite facing unrealized ETH losses of over $6.5 billion, it still remains optimistic about the company’s future performance.
Related Reading: Bitmine repurchased nearly 42,000 ETH! Total holdings expanded to 4.285 million ETH, but unrealized losses soared to $6.5 billion
According to blockchain explorer data, Bitmine has staked 2 million ETH. At the current price and an annualized return rate of about 3%, this equates to nearly $150 million worth of ETH income annually for the company. Tom Lee stated during the earnings call:
Staking yields combined with the upcoming MAVAN service are enough to support our long-term strategy.
Bitmine’s ultimate goal is to hold 5% of the supply. The company just recently bought an additional 42,000 ETH on 1/26. Although the official statement indicates that its key funding sources are equity issuance and cash holdings, with no leverage used and no on-chain liquidation lines for now; if large amounts of staked addresses later unlock and transfer to exchanges, the price reaction could be extremely rapid.
The company plans to launch its own commercial MAVAN (Made in America Validator Network) staking solution in early 2026, providing secure and reliable staking infrastructure, and solidifying Bitmine’s position as the largest ETH reserve and staking capacity globally.
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