Bitmine Acquires 101,627 Ether Valued at Over $230 Million, Marking Its Largest Weekly Acquisition in 2026

BitMine Immersion Technologies, a leading Ethereum-focused digital asset treasury, has accelerated its cryptocurrency purchasing pace, according to Chairman Tom Lee, who believes the crypto 'mini-winter' is coming to an end. The company announced the purchase of 101,627 ether, valued at over $230 million, representing its largest weekly acquisition since December 15. This significant buy has boosted BitMine's total ETH holdings to 4.97 million, with the firm's overall crypto and cash reserves now standing at $12.9 billion. The acquisition comes at a time when most digital asset treasury companies have slowed or halted their buying activities, with Bitmine remaining a prominent buyer of ether. In addition to its substantial ETH holdings, the firm also possesses 199 bitcoin and $1.12 billion in cash and equity stakes. Chairman Lee attributes the increased purchasing pace to signs that the recent decline in crypto prices is nearing its end, citing ETH's rebound and broader market trends. With over 3.3 million ETH staked, generating approximately $221 million in annualized revenue, Bitmine continues to expand its staking operations.