2026-01-20 14:43:20

Bitmine's recent actions have attracted a lot of attention. Last week (as of January 20), they increased their ETH holdings by 35,268 tokens, with a single transaction worth approximately $108.7 million. That's no small amount.

Currently, Bitmine's total ETH holdings have reached 4,203,036 tokens, with a book value surpassing $12.96 billion. What's more interesting is that this increase came right after the shareholder meeting approved a capital increase proposal. At the shareholder meeting on the 15th, the capital increase was officially approved, raising the legal share count from 500 million shares directly to 50 billion shares—a 100-fold increase.

The logic behind this is quite clear: expand capacity through a capital increase to obtain more financing ammunition, then directly use it to buy the dip on ETH. It seems this institution is quite optimistic about Ethereum's long-term prospects.

ETH-2.95%

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DiamondHands

· 17h ago

Really, Bitmine's move is brilliant, directly using financing to invest in ETH. They're betting that Ethereum can really turn around.

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FloorPriceWatcher

· 01-20 15:12

Damn, this pace... directly increasing issuance by 100 times and then smashing ETH. This guy really believes in it. --- The book value of 12.96 billion dollars is piled on ETH. I just want to know how risk control is considered. --- Hey, this tactic is actually a seamless transition from financing to bottom-fishing. Smart is smart, but you have to bet that ETH won't drop significantly. --- Holding 4.2 million ETH, if it drops by 20%, it would be heartbreaking. --- The shareholder meeting quickly approved the issuance increase, then immediately placed a buy order to bottom-fish. It seems someone really believes in this wave of the market. --- Increasing issuance by 100 times... this move is truly a big deal. If they weren't particularly confident about the future market, who would dare to do this?

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GamefiGreenie

· 01-20 15:10

Wow, directly increasing issuance by 100 times and then turning around to buy back ETH worth 100 million. This pace is really ruthless... But on the other hand, this move clearly shows confidence in Ethereum.

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PancakeFlippa

· 01-20 14:58

Bro, your move is really bold, directly throwing 100 million to buy the dip in ETH... --- $12.96 billion in book value, they must be very optimistic about Ethereum --- Increasing issuance by 100 times and then going all in on ETH, I’m truly impressed by this guts --- Wait, do they really believe ETH can bounce back? --- This pace, they are definitely betting on ETH’s future --- Throwing over 100 million without blinking, how crazy is that --- Over 4 million ETH, only heaven knows --- After increasing issuance, they directly spend money to buy coins, the logic is very clear

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FOMOSapien

· 01-20 14:52

Damn, this move, directly investing 100 million to buy ETH at the bottom, really doesn't treat money as money.

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LowCapGemHunter