Bitmine has significantly increased its Ethereum treasury by purchasing 32,938 ETH valued at $97.6 million and staking an additional 118,944 ETH worth $352 million. The transactions, reported by Lookonchain, were executed over a four-hour period and involved direct transfers to Ethereum validator contracts, indicating a long-term strategic positioning rather than short-term trading. This activity aligns with Bitmine's disciplined treasury management approach amid Ethereum's price consolidation. The firm's recent acquisitions bring its total Ethereum holdings to 4,066,062 ETH, representing approximately 3.37% of the circulating supply, with a treasury value exceeding $12 billion. Despite the market's downward trend, Bitmine's cash position remains stable at $1 billion, suggesting planned allocation rather than reactive buying. The company's strategy contrasts with other digital asset treasuries that have paused acquisitions during this period. Bitmine's accumulation coincides with Ethereum's price structure, which has been confined within a descending channel. As Ethereum's price rebounded above $3,000, Bitmine's shares rose 4.5% in pre-market trading, following a 10% gain the previous Friday, reflecting investor confidence in the firm's strategic positioning.