Bitmine buys 101,627 ether worth over $230 million, its largest weekly haul of 2026
CoinDesk·4h ago·Positivity
What Happened
BitMine Immersion Technologies bought 101,627 ether last week, worth approximately $230 million, marking its largest weekly purchase since December 15. The firm's total ETH holdings reached 4.97 million. Chairman Tom Lee indicated signs the cryptocurrency "mini-winter" is ending, citing ETH's recent rebound and market dynamics. BitMine maintains steady buying while other digital asset treasury firms have slowed operations.
Key Entities
BitMine Immersion TechnologiesTom LeeEthereum (ETH)101,627 ether$230 million4.97 million ETH