bitmine ethereum treasury acquisition - Bitmine's ETH Holdings Surpass 4M, $40M Purchase Pushes Treasury Back Into Profit
Bitmine's staking strategy gains momentum as its ETH holdings top 4.06 million tokens after a $40.61 million purchase on Dec. 23. On-chain data shows the firm added 13,412 ETH in one transaction, pushing its treasury back into profit as ETH hit $3,000. The firm plans to launch a staking network, the Made in America Validator Network (MAVAN), in early 2026 to generate recurring returns. A token launch is also in the works to support the new validator infrastructure.
Derived from TheCoinris