BREAKING: BitMine made its largest Ethereum purchase of 2026 last week, snapping up 40,302 ETH. The acquisition, valued at approximately $117 million based on current market prices, boosts the firm's treasury to over 4.24 million ETH tokens—representing about 3.52% of Ethereum's total circulating supply. BitMine has already staked more than 2 million ETH, roughly half its holdings, transforming a substantial portion into a revenue-generating asset through network rewards. If the company stakes its entire ETH portfolio, it could generate around $1 million in daily profits at prevailing prices. This approach highlights a key strategic divergence from Michael Saylor, who favors Bitcoin as a superior long-term store of value. Unlike ETH, Bitcoin lacks built-in yield mechanisms, forcing Saylor to pursue alternatives like issuing promissory notes for capital raises. In contrast, Ethereum's staking model enables passive income directly from the protocol, aligning with bullish views from Tom Lee on ETH's profit potential.