- Ethereum has gained 24% in the past month, beating Bitcoin’s 8% rise.
- BitMine increased its holdings by buying 9,946 ETH.
- Spot Ethereum ETF assets continue to support ETH.
Ethereum has increased its recent competition, doing very well Bitcoin in the last month as the demand for organizations is increasing.
The latest increase came after BitMine Immersion Technologies announced another large Ethereum purchase, adding more ETH to its holdings and bringing the total to 5,787,414 ETH.
Ethereum gains strength against Bitcoin
Ethereum has continued to outperform Bitcoin over the past month, highlighting investor interest in the second largest cryptocurrency.
The ETH/BTC ratio recently rose to 0.03, marking its highest level in three months.
The rise reflects the strong performance of Ethereum compared to Bitcoin rather than the low price of Bitcoin.
In the last 30 days, Ethereum gained about 24%, compared to Bitcoin’s gain of about 8% during the same period.
Ethereum has been growing rapidly in recent times.
It rose nearly 4% in the past 24 hours and more than 5% in the past seven days, extending its 14-day gain to about 10.5%.
Despite the recent rally, Ethereum is still below its all-time high of $4,946.05, leaving it well below its previous high even after that.
BitMine expands its Ethereum ecosystem
BitMine Immersion Technologies has strengthened its Ethereum strategy with bought another 9,946 ETH last week.
After the acquisition, the company now has 5,787,414 ETH worth about $11.2 billion based on current market prices.
The latest purchase solidifies BitMine’s position as the largest known Ethereum company.
The company has repeatedly stated that it aims to build one of Ethereum’s largest long-term economies, and its latest move moves closer to that goal.
A key part of BitMine’s strategy is investing its Ethereum coins instead of leaving them idle.
About 4.92 million ETH, representing about 85% of the total holdings, are at risk.
This allows the company to generate large rewards and keep its long-term investment in Ethereum.
Sharing purchases increases business confidence
BitMine’s recent Ethereum purchase was accompanied by a stock loan.
The company repurchased 6.1 million shares last week after repurchasing 5.5 million shares the previous week. Both deals are part of his official $4 billion buyout program.
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“Bitmine also bought 6.1 million shares of common stock last week, an increase from the 5.5 million that were bought the previous week. We increased our purchase amount when we saw an increase in the ETH / BTC ratio, although there was no difference in the Clarity Act in 2026, as a sign… pic.twitter.com/LVOB46sIgL– Bitmine (NYSE-BMNR) $ETH (@BitMNR) July 27, 2026
Following the update of the purchase, the stock of BitMine, trading under the ticker BMNR, gained more than 5% following this announcement, showing the positive response of the market to all the things that the company is expanding Ethereum and its investment strategies.
Tom Lee shows the evolution of Ethereum
BitMine CEO Tom Lee revealed several signs that continue to support Ethereum’s recent activity.
According to Lee, the ETH/BTC ratio is reaching three-month highs, increasing the strength of Ethereum relative to Bitcoin.
He also identified the $2,000 and $2,500 price ranges as areas of resistance that traders are seeing as the rally continues.
Lee also noted that Ethereum has significantly outperformed Bitcoin in the past month, reinforcing the company’s decision to focus its financial strategy on ETH instead of other digital assets.
Community interests have also been a major theme in Ethereum’s recent events.
The surge in Ethereum ETFs has also added to the buying pressure, while large asset purchases from companies such as BitMine have boosted investor demand.
