Ethereum whale BitMine surges to 5% circulating supply: $105 million spent in 8 days for the New Year

RumbleValidator · 2026-01-08T09:44:17+00:00

An institution invested $105 million in Ethereum (ETH) in early 2026 and currently holds 4.07 million ETH, with plans to increase its holdings to 5% of the circulating supply. The institution's cash reserves have reached $915 million, demonstrating confidence in Ethereum's mid-term prospects and changing the market landscape.

RumbleValidator

2026-01-08 09:44:17

Abstract generation in progress

【Blockchain Rhythm】Ethereum ecosystem has new developments. A key institutional player has already invested $105 million in ETH during the first 8 days of 2026, and the story behind it is even more interesting — they also hold $915 million in cash reserves, indicating they are likely planning even bigger moves.

Data shows that this institution currently controls 4.07 million ETH, worth a total of $12.6 billion, accounting for 3.36% of the total Ethereum supply. At the same time, they have staked 908,192 ETH, valued at $2.95 billion. What’s truly noteworthy is their clear strategic goal — to accumulate up to 5% of the circulating ETH supply.

This level of holding is reshaping the market landscape. The massive cash reserves combined with an aggressive buying pace suggest that institutional confidence in Ethereum’s mid-term prospects is growing. While the entire crypto market is watching Bitcoin’s movements, Ethereum’s institutional deployment also warrants close attention.

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TokenStorm

· 01-11 08:04

Wow, this rhythm feels off... 915 million in cash still untouched, is aiming for 5% really serious? The on-chain data is so clear, I bet there are still players behind the scenes who haven't surfaced yet.

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RektRecorder

· 01-11 02:11

Wake up, big funds are buying ETH again, and this time they want to push the circulating supply by 5%. Are you still watching BTC gather dust? BitMine's approach clearly shows confidence in the market, holding 900 million in cash and still daring to invest 100 million. This pace is a bit fierce. 5% circulating supply? If they really pull it off, the ETH landscape might change dramatically... Institutions are quietly accumulating, and you're still debating short-term rises and falls, haha. In just 8 days into the new year, they've spent over 100 million. Interesting, but the question is, when will they start to sell... With a net worth of 12.6 billion, they still find it not enough, insisting on staying at the 5% level. The devil is in the details. Speaking of players at this level, once they get active, do retail investors still have a chance?🤔

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BrokenRugs

· 01-08 18:57

Nah, this rhythm is really fierce, smashing 105 million in 8 days... and still holding over 900 million in cash reserves, clearly aiming for a 5% holding. Seems like a signal that they are about to push the market. --- Is ETH really about to surge this time? With institutions so aggressive, what are retail investors still waiting for? --- 4.07 million ETH... Damn, this holding is enough to change the entire market trend. With such ample cash reserves, it feels like there are big moves coming. --- Staking 908k ETH while still疯狂 buying? This stance clearly indicates long-term optimism, not short-term speculation. --- Everyone is watching Bitcoin, but Ethereum is quietly making frequent moves—this is the real alpha. --- Cash reserves of 1.915 billion... Are they aiming to acquire ETH to reach 5% of the circulating supply? It’s a bit desperate. --- Wait, who exactly is this institution? Able to spend so much money, it must be a major player.

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zkNoob

· 01-08 10:11

Wow, with 915 million in cash reserves, are we still going to keep investing? That's about 5% of the circulating supply being consumed, pretty aggressive.

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WalletDetective

· 01-08 10:10

Another story of cutting leeks? 915 million in cash is still waiting, is this to slowly absorb 5% of the circulating supply?

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just_another_fish

· 01-08 10:09

Huh, over 900 million still in hand, what big move are they holding back? BitMine's rhythm is a bit fierce this time, is aiming for 5% really serious? Wait, is this guy secretly getting on board? I also want to buy a ticket to join in Don't just focus on Bitcoin, the real show on ETH is just beginning Institutions are pouring so much money in, should I, as a retail investor, buy the dip or be a bagholder?

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BitcoinDaddy

· 01-08 10:06

1.915 billion in cash still untouched, they are holding back a big move. ETH is only at 3.36% and is directly pushing to 5% at this pace... There are still people who believe in ETH.

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SybilAttackVictim