Bitmine acquires another 24,266 ETH, bringing total holdings to over 4.16 million ETH

PANews reported on January 12 that, according to an official announcement, Bitmine purchased 24,266 Ethereum (approximately $75.37 million) last week, bringing its current holdings to 4,167,768 ETH (about $12.9 billion), accounting for 3.45% of the total network supply. Of these, 1,256,083 ETH have been staked, and the MAVAN staking network is expected to launch in Q1 2026. The company will hold a shareholders' meeting in Las Vegas on January 15 to propose increasing authorized shares to support the ongoing accumulation of ETH under its "5% Alchemy" strategy. Bitmine is the world's largest ETH holding institution.