- Bitmine has increased its holdings of Ethereum (ETH) to over 4.73 million.
- The company is expanding its ETH asset management system despite the market’s challenges.
- The price of Ethereum is around $2,000.
Bitmine Immersion Technologiesled by Tom Leehas helped acquire Ethereum, marking its biggest purchase of 2026 so far.
According to the company’s update, Bitmine’s total Ethereum capital has risen to 4.73 million ETH, while its combined crypto and cash holdings now exceed $10.7 billion.
The company has also expanded its accounting services, though Ethereum trades near the $2,000 level amid major weakness in the crypto market.
The slowdown has led to a massive outflow of capital from ETH-focused businesses.
Weekly highs and lows
In an update on Monday, Bitmine said it made its biggest weekly purchase of Ethereum for the year, acquiring 71,179 ETH.
The transaction raised his total ETH holdings to 4.73 million tokens, representing approximately 3.92% of Ethereum’s total holdings.
The most recent purchase exceeds the recent 45,000–50,000 ETH weekly average, confirming an aggressive accumulation pattern.
This is in contrast to market trends, where many digital repositories have suspended purchases or banned content within the lower price range.
Crypto thrives despite major headwinds
The continued economic pressures and globalization of the world have led to dangerous situations.
Commenting on the incident, Bitmine chairman Thomas Lee said:
“As the war in Iran enters its fifth week, ETH and crypto have won the big market, with ETH the most successful with 1,160 points. This is in contrast to gold, which has been doing well with more than 750 points. Crypto shows its potential as a store of value in times of war.”
Bitmine is still one of the few corporate investors that maintains a steady accumulation strategy despite the market’s upswing.
In contrast, Michael Saylor‘s The way– the world’s largest Bitcoin company – recently suspended its buying process for 13 weeks.
Ethereum remains above $2,000 despite the breakout
Ethereum has remained strong at the $2,000 level and has risen nearly 10% in the past month, although the development remains limited.
The stock has remained close to this despite large capital gains and the cautious attitude of the institutions.
Data from CoinShares showed that ETH trading recorded $222 million in turnover last week.
Bitcoin sales also generated more than $194 million in cash, which contributed to an additional $414 million in cash flow from crypto investment vehicles.
The long-term validity continues
Despite this emerging trend, Bitmine’s growing popularity shows long-term certainty among select players.
The Ethereum Foundation expressed the same sentiment, investing more than $46 million in ETH on Monday.
Looking ahead, Ethereum prices may benefit from strength and volatility in the coming weeks or months.
However, a break below the $2,000 level remains risky if the negative sentiment continues.
