{"id":9536,"date":"2026-01-21T06:00:24","date_gmt":"2026-01-21T06:00:24","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitmines-ethereum-holdings-near-3-5-supply-milestone-as-eth-falls-below-3000\/"},"modified":"2026-01-21T06:00:24","modified_gmt":"2026-01-21T06:00:24","slug":"bitmines-ethereum-holdings-near-3-5-supply-milestone-as-eth-falls-below-3000","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitmines-ethereum-holdings-near-3-5-supply-milestone-as-eth-falls-below-3000\/","title":{"rendered":"BitMine\u2019s Ethereum Holdings Near 3.5% Supply Milestone As ETH Falls Below $3,000"},"content":{"rendered":"

As the Ethereum (ETH) price retests a crucial support zone, BitMine revealed it has added another $110 million worth of ETH to its treasury holdings over the past week, approaching an important milestone for the company\u2019s investment strategy.<\/p>\n

BitMine\u2019s Ethereum Bet Continues<\/h2>\n

On Tuesday, BitMine, a Bitcoin and Ethereum Network Company with a focus on accumulating crypto for long-term investment, announced<\/a> its holdings had reached 4.2 million ETH tokens after acquiring 35,268 ETH, worth roughly $110 million, in the past week.<\/p>\n

As a result, the company, which is the largest Ethereum Treasury company in the world and the second-largest global treasury, has crypto and cash holdings totaling $14.5 billion at current prices.<\/p>\n

According to the announcement, the company now owns 4,203,036 ETH at $3,211, 193 Bitcoin (BTC), a $22 million stake in Eightco Holdings as part of its \u201cMoonshots\u201d initiative, and unencumbered cash worth $979 million.<\/p>\n

After the latest purchase, BitMine now holds 3.48% of ETH\u2019s total supply, and nears its goal to control 5% of the leading altcoin\u2019s 120.7 million supply. Notably, it has achieved nearly 70% if \u201cAlchemy of 5%\u201d target in just six months.<\/p>\n

BitMine\u2019s chairman, Thomas \u201cTom\u201d Lee, stated that \u201cEthereum\u2019s price ratio to Bitcoin, or ETHBTC, has been steadily climbing since mid-October. In our view, this reflects investors recognizing tokenization and other use cases being developed by Wall Street are being built on Ethereum.\u201d<\/p>\n

As of January 19, 2026, BitMine\u2019s total staked ETH stands at 1,838,003, worth $5.9 billion at $3,211 per ETH, an increase of 581,920 ETH in the past week.<\/p>\n

ETH Price At Crucial Support Zone<\/h2>\n

Despite BitMine\u2019s constant bet on the cryptocurrency, Ethereum retraced nearly all its 2026 gains after falling below the $3,000 barrier. On Tuesday, ETH recorded a 6.8% decline in the daily timeframe, dropping from the $3,200 area to a three-week low of $2,980.<\/p>\n

The King of altcoins has been trading between the $2,600-$3,350 area since the November pullbacks, reclaiming the upper zone of this range during the start of the year rally. Now, ETH is retesting an important multi-support area that could define the cryptocurrency\u2019s short-term performance.<\/p>\n

Analyst World of Charts affirmed<\/a> that there are two \u201csimple\u201d possibilities for Ethereum. If the price loses the $3,000 area, which serves as the mid-zone of its local range and a key macro support and resistance level, then a retest of the $2,600 lows becomes likely.<\/p>\n

On the contrary, if the altcoin holds this zone in the daily timeframe and momentum builds, it could retest the range\u2019s upper boundary resistance again.<\/p>\n

Amid the pullback, another pseudonym market observer also pointed<\/a> out that ETH is currently retesting its 50-day Moving Average (MA), which was reclaimed at the start of the year and currently sits at the $3,089 level.<\/p>\n

According to the post, if the 50-day MA holds, a move to the 200-day MA, located around the $3,650 area, could come next. \u201cAll eyes [are] on a close above the 50-day MA, which will point to a successful back test,\u201d he added.<\/p>\n

As of this writing, ETH is trading at $2,999, a 7% decline in the weekly timeframe.<\/p>\n

\"Ethereum,<\/p>\n","protected":false},"excerpt":{"rendered":"

As the Ethereum (ETH) price retests a crucial support zone, BitMine revealed it has added another $110 million worth of ETH to its treasury holdings over the past week, approaching an important milestone for the company\u2019s investment strategy. BitMine\u2019s Ethereum Bet Continues On Tuesday, BitMine, a Bitcoin and Ethereum Network Company with a focus on…<\/p>\n","protected":false},"author":1,"featured_media":9537,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3202,52,4419,608,267,69,71,233,2840,73,1382],"class_list":["post-9536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bitmine","tag-crypto-analyst","tag-crypto-market-correcion","tag-crypto-market-recovery","tag-crypto-trader","tag-eth","tag-ethereum","tag-ethereum-price","tag-ethereum-treasury","tag-ethusdt","tag-tom-lee"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=9536"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/9537"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=9536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=9536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=9536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}