Author: Sophia Brown
Bitmine has increased its Ethereum (ETH) holdings to over 4.73 million. The company is adding to its ETH treasury strategy despite market struggles. Ethereum price holds near $2,000. Bitmine Immersion Technologies, led by Tom Lee, has accelerated its Ethereum acquisitions, marking its largest purchase of 2026 so far. According to a company update, Bitmine’s total Ethereum holdings have risen to more than 4.73 million ETH, while its combined crypto and cash reserves now exceed $10.7 billion. The firm has also expanded its staking activity, even as Ethereum trades near the $2,000 level amid broader weakness in the crypto market. The…
BitMine tripled its weekly ETH buy to 126,971 tokens, now holding 4.59% of supply. Only 11% of ETH supply is in threefold profit, the lowest reading since Feb 2017. A weekly close below $1,500 could push ETH toward the $1,000 support zone. The Ethereum price dropped to a low of $1,522 last week before bouncing back within the $1,670–$1,712 range at the beginning of this week. While the recovery is modest, the ETH price is still down 15.3% over the past seven days and 28.1% over the past 30 days. From its all-time high of $4,946 set in August 2025,…