Bitmine buys 101,627 ether worth over $230 million, its largest weekly haul of 2026
The Ethereum treasury firm is nearing 5 million ETH holdings as it has sped its accumulation pace over the past weeks.
What to know:
- BitMine purchased 101,627 ETH last week, its biggest weekly haul since Dec. 15, bringing total holdings to nearly 5 million tokens.
- The firm remains one of the only large digital asset treasuries still actively buying amid the recent volatile months in crypto.
- Total assets stand at $12.9 billion, with about 3.33 million ETH staked.
The move comes as most digital asset treasuries — except Michael Saylor’s bitcoin-focused Strategy (MSTR) — have slowed or halted buying in recent months. BitMine remains among the last large-scale buyers of ether-focused treasuries, continuing to provide a steady source of demand for ETH.
BitMine’s total crypto and cash holdings stand at $12.9 billion. In addition to its ETH treasury, the firm holds 199 bitcoin, $1.12 billion in cash and equity stakes including investments in Beast Industries and Eightco Holdings.
Chairman Thomas Lee said the firm sees signs that the recent downturn is nearing an end, pointing to ETH’s rebound and broader market dynamics.
“Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the ‘mini-crypto winter,'” Lee said.
