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Bitmine Buys 101,627 Ethereum Worth Over $230M in Its Biggest Weekly Accumulation of 2026

BitMine Immersion Technologies bought 101,627 Ethereum final week for about $230 million, its largest single-week haul since December 15 and the most important weekly accumulation of 2026.

The purchase lifts whole holdings to 4.97 million tokens, pushing the agency inside putting distance of 5% of Ethereum’s circulating provide.

The actual story is in the trajectory. BitMine has accelerated its acquisition tempo for 4 consecutive weeks, scaling from a previous common of 45,000–50,000 ETH per week to greater than double that charge. That is textbook accumulation habits, not distribution.

Key Takeaways:

  • Weekly Purchase: 101,627 ETH value roughly $230 million
  • Record Context: Largest weekly haul since December 15, 2025
  • Total Holdings: 4.97 million ETH throughout the treasury
  • Total Assets: $12.9 billion in crypto and money mixed
  • Staking Revenue: 3.33 million ETH staked, producing ~$221 million annualized
  • Consecutive Weeks of Accelerated Buying: Four straight weeks of elevated tempo

Discover: The best pre-launch token sales

What 101,627 Ethereum Removed from Spot Supply by Bitmine Actually Signals

At roughly $2,263 per ETH implied by the $230 million price ticket, BitMine’s single-week buy represents a cloth withdrawal from accessible spot liquidity.

Ethereum day by day spot quantity on centralized exchanges sometimes ranges between $8 billion and $14 billion, however persistent directional demand at this scale compresses the efficient float, significantly as two-thirds of BitMine’s stack is locked in staking and off the market completely.

Source: Bitmine

ETH has rebounded sharply from its early February lows, and Chairman Tom Lee shouldn’t be delicate in regards to the agency’s learn on timing. “BitMine has maintained the elevated tempo of ETH buys in every of the previous 4 weeks, as our base case ETH is in the ultimate levels of the ‘mini-crypto winter,’” Lee mentioned. He cited ETH’s outperformance of equities for the reason that Iran battle started February 28, alongside demand tied to tokenization and AI infrastructure operating on Ethereum.

If shopping for continues at this tempo – or accelerates towards the 5 million ETH milestone – the availability overhang shrinks additional and resistance ranges above present costs turn into tougher to defend for sellers. If accumulation stalls or reverses, the absence of that regular bid shall be felt rapidly in order e book depth. The trustworthy reply on near-term worth: the bid from one purchaser at this scale is structural, not speculative.

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