Ethereum Treasury Company BitMine ($BMNR) has added another 32,977 ETH at a value of around $105 million, in the first 8 days of 2026 alone. Now, the company’s total ETH exposure has pushed past $13.2 billion, out of which the company has staked ETH worth $2.62 billion, making it one of the largest institutional holders of ETH. 

Tom Lee’s associated firm, BitMine, has always had an “Ethereum-first” treasury strategy and rather than holding ETH idle, the company is deploying it into its expanding validator operations. It simply means – adding to both its staking footprint and recurring yield base.

Over the past 18 months, BitMine has transformed itself into a de facto Ethereum treasury vehicle. In December 2025, BitMine purchased another 13,412 ETH for $2.44 million.

With the current purchase, BitMine now holds 3-3.4% of the total ETH circulating supply. And the firm shows no signs of stopping. 

In Q4 2025, the Ethereum price (ETH USD) saw a 26% pullback. However, recently it surged above the critical $3,000 level after the news to $3091, as traders debated whether this represented a strong vote of confidence or just another large whale move.

Market Cap

BitMine’s ETH acquisition has reinforced the idea of Ethereum as a long-term asset.

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Vitalik Butern Says ETH Is Like BitTorrent And Linux

Akriti Seth
By Akriti Seth

Ethereum co-founder Vitalik Buterin has once again sparked debate across crypto after comparing ETH to two internet-era giants: BitTorrent and Linux. The comments frame Ethereum not just as a “smart contract chain,” but as an attempt to become foundational infrastructure- similar to how BitTorrent reshaped file distribution and Linux became the backbone of modern computing.  

On 8 January 2026, Buterin said, “BitTorrent represents decentralization and scalability, while Linux exemplifies open-source software, public trust, and widespread adoption.”

Though BitTorrent and Linux are not typical “altcoins.” BitTorrent does have a crypto token today (BTT), but the original BitTorrent concept predates crypto by years, while Linux is an open-source operating system used globally. Still, the analogies are useful. They bring Ethereum’s long-term narrative to light – decentralization that can scale, plus open-source trust that can win mainstream adoption.

If BitTorrent represents a model for decentralization distribution at scale, Linux represents something else: open-source legitimacy and adoption by major institutions. 

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2026

 

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Akriti Seth
Akriti Seth
Senior Editor

Akriti Seth is a Zurich-based Business Journalist and Crypto Editor. Her passion for journalism has taken her across the globe – from thriving as an on-television correspondent to writing engaging articles, she has worked for companies like Informa UK, Bloomberg... Read More

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