Despite a recent market downturn that has caused billions in unrealized losses for the firm, BitMine is demonstrating unwavering confidence in its Ethereum holdings. The company’s latest move involves purchasing an additional 21,537 ETH, bringing its total holdings to over 3.5 million ETH, exceeding 3% of Ethereum’s circulating supply. This strategic accumulation strategy underscores BitMine’s commitment to building a robust ‘Strategic ETH Reserve’. 2026 plans for a U.S.-based staking network, MAVAN, further solidify this approach. While acknowledging the market volatility and recent losses, company representatives remain optimistic about a V-shaped recovery. Tom Lee (@fundstrat), a prominent crypto analyst, is continuing to buy $ETH on BitMine’s behalf.