The post Bitmine Buys $91 Million Worth of Ethereum During Market Pullback appeared on BitcoinEthereumNews.com.

Ethereum A fresh wave of corporate buying has pushed Ethereum deeper into institutional territory. On February 17, 2026, Bitmine Immersion Technologies revealed it had added 45,759 ETH to its balance sheet in just one week, committing roughly $91 million at prices just below $2,000. Key Takeaways Bitmine Immersion Technologies bought 45,759 ETH for $91M. Total holdings now at 4.37M ETH – about 3.62% of supply. 69% of ETH is staked, generating ~ $176M annualized. The purchase may look tactical, but it fits into something much larger. Under the leadership of chairman Tom Lee, the firm is pursuing an unusually bold objective: accumulating 5% of Ethereum’s entire circulating supply. Internally, the initiative has been branded the “Alchemy of 5%,” signaling a long-term capital allocation thesis rather than a short-term trade. From Miner to Ethereum Powerhouse With the latest addition, Bitmine’s Ethereum reserves now stand at 4,371,497 ETH. At current valuations, that position – combined with cash and other digital assets – places the company’s treasury near $9.6 billion. More importantly, the firm now controls about 3.62% of all circulating ETH. In practical terms, that transforms Bitmine from a passive holder into a structural participant in Ethereum’s economic layer. Unlike many corporate treasuries that simply hold crypto exposure, Bitmine is actively deploying capital. Roughly 69% of its ETH – about 3.04 million coins – is staked. At prevailing network yields, that stake is estimated to generate around $176 million in annualized revenue, effectively turning Ethereum into a productive balance sheet asset rather than dormant inventory. Building Its Own Validator Network The strategy does not stop at staking through third parties. The company is preparing to roll out its own infrastructure, the Made-in-America Validator Network (MAVAN), scheduled for launch in the first quarter of 2026. The move suggests Bitmine wants tighter operational control…

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Filed under: News - @ February 17, 2026 2:26 pm