Bitmine’s latest acquisition of 101,627 ether, valued at more than $230 million, represents its most significant weekly accumulation in 2026.
As the Ethereum-focused treasury firm accelerates its purchasing strategy, it is approaching a total holding of 5 million ETH.
Key Points:
- Last week’s purchase of 101,627 ETH marks BitMine’s largest weekly accumulation since December 15, pushing total holdings to nearly 5 million tokens.
- The company stands out as one of the few major digital asset treasuries continuing active purchases despite recent crypto market volatility.
- With total assets reaching $12.9 billion, approximately 3.33 million ETH are currently staked.
BitMine Immersion Technologies (BMNR), the leading Ethereum-focused digital asset treasury, has increased its acquisition rate as chairman Tom Lee observes potential signs that the crypto ‘mini-winter’ is concluding.
On Monday, the firm announced last week’s acquisition of 101,627 ether (ETH), its largest weekly purchase since December 15. Valued at approximately $230 million at current prices, this transaction brings BitMine’s total ETH holdings to 4.97 million.
While most digital asset treasuries have reduced or stopped buying in recent months—with the notable exception of Michael Saylor’s bitcoin-focused Strategy (MSTR)—BitMine remains among the last major buyers of ether-focused treasuries, consistently supporting ETH demand.
BitMine’s combined crypto and cash assets total $12.9 billion. Beyond its ETH treasury, the firm holds 199 bitcoin, $1.12 billion in cash, and equity investments including stakes in Beast Industries and Eightco Holdings.
Chairman Thomas Lee indicated that the firm detects signs the recent downturn is concluding, citing ETH’s recovery and broader market trends.
‘Bitmine has sustained an accelerated pace of ETH purchases over the past four weeks, as our base case suggests ETH is in the final stages of the ‘mini-crypto winter,’ Lee stated.
He noted that ether has surged from its early February lows and outperformed equities since the onset of the Iran conflict, driven by demand linked to tokenization and AI-related applications.
BitMine has also continued expanding its staking operations. The firm has staked over 3.3 million ETH, representing roughly two-thirds of its holdings, generating approximately $221 million in annualized revenue.