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BitMine Immersion Technologies bought about 101,627 shares Ethereum last week averaged $230 million, its biggest weekly gross since December 15, and the biggest weekly total in 2026.
This purchase brings the company’s total capital to 4.97 million coins, putting it on pace to capture 5% of all Ethereum capital.
The real issue is the way to the top; BitMine has accelerated its earnings pace for four weeks in a row, jumping from the previous average of 45,000 to 50,000 ETH per week to more than double that rate. This behavior represents a classic example of accumulation, not distribution.
Important points:
- Shopping for the week: 101,627 Ethereum, about $230 million
- Standard issue: The highest number for the week starting on December 15, 2025
- All that is saved: 4.97 million ETH in Treasury
- All Goods: $12.9 billion (digital currencies and currencies combined)
- Staking income: 3.33 million Ethereum pledges, making about $221 million a year
- Consecutive weeks of random shopping: Four straight weeks of increasing speed
The result of withdrawing 101,627 Ethereum in the latest investment with Bitmine
At a purchase price of approximately $2,263 per Ethereum, BitMine’s weekly purchases represent a significant reduction in available capital.
Every day, the trading volume of Ethereum in the middle usually ranges between $8 billion and $14 billion.
ETH has recovered significantly since the beginning of February, and Chairman Tom Lee is not worried about the company’s outlook. “BitMine has maintained a steady stream of ETH purchases over the past four weeks, as our forecast suggests that Ethereum is in the final stages of a ‘mini-crypto winter,'” Lee said. He said that the outperformance of Ethereum on stocks since the beginning of the war in Iran on February 28, along with the need to connect with tokenization and mining intellectual infrastructure running on the Ethereum network.
If buying continues at this pace – or rushes to the 5 million ETH target – the supply will decrease, and resistance levels above current prices will be difficult to protect sellers. However, if the accumulation is stopped or reversed, the absence of this steady demand will quickly show its impact in the order book. The truth about the price that is about to expire is that one buyer’s demand for that size is fixed and not speculative.
A note Big Acquisition: BitMine Buys Ethereum for $230 Million appeared for the first time Cryptonews Arabic.
