Ethereum treasury firm Bitmine has introduced one other weekly Ethereum purchase, bringing its holdings above 5 million ETH. The BMNR inventory is buying and selling flat amid the announcement of this newest buy, even because the Ethereum treasury firm is now a step nearer to holding 5% of the whole ETH provide.
Bitmine Purchases 101,901 ETH In Largest Weekly Purchase This Yr
In a press launch, the Ethereum treasury firm revealed that it acquired 101,901 ETH final week, its highest shopping for tempo because the week of December 15, 2025. This newest buy surpasses the ETH purchase the corporate made about two weeks in the past.
As CoinGape reported final week, Bitmine acquired 101,627 ETH, marking its largest weekly purchase this yr on the time. The corporate’s Chairman, Tom Lee, stated they’ve maintained the elevated tempo of ETH shopping for over the previous 4 weeks, as their base case is that ETH is within the remaining phases of the ‘mini-crypto winter.’
With the most recent Ethereum buy, the corporate now holds 5,078,386 ETH. Commenting on this feat, Tom Lee described it as a serious milestone as the corporate strikes in the direction of buying 5% of the ETH provide. He added that the tempo of accumulation is “astonishing” because it took them solely 10 months to achieve 5 million ETH.
It’s price noting that Bitmine had acquired 10,000 ETH from the Ethereum Basis as a part of its newest shopping for spree. Each corporations made the transaction over-the-counter (OTC) because the Ethereum Basis continues to dump its holdings to fund its operations.
In the meantime, Bitmine is presently sitting on an unrealized lack of simply over $6.3 billion, in response to DropsTab information. The corporate’s common buy worth on its holdings continues to be above $3,600 per ETH, whereas ETH trades round $2,300 in the mean time.
The Bull Case For ETH
Tom Lee pointed to a number of current analysis experiences that argue ETH is a ‘retailer of worth’ and will probably be held as collateral as crypto property are more and more utilized in monetary transactions. The Bitmine chairman remarked that this new position for ETH is arguably evident in how the crypto asset has outperformed because the Iran conflict started.
He famous that ETH has outperformed the S&P 500 because the conflict began and stays the one best-performing asset on the planet moreover crude oil costs. Lee added that Ethereum continues to profit from the twin tailwinds of Wall Avenue tokenizing on the blockchain and from AI brokers’ want for public and impartial blockchains.
The Bitmine inventory is up on the market open amid the corporate’s announcement of its newest ETH buy. The crypto inventory is presently buying and selling at round $22, up virtually 1% on the day, in response to TradingView information.
Nonetheless, the inventory stays down over 20% year-to-date (YTD), mirroring the Ethereum worth motion. ETH is down virtually 22% YTD as the present bear market circumstances persist.
