Bitmine’s Increased ETH Accumulation Streak Continues for 4th Week

Bitmine Immersion Technologies has extended its Ether buying streak to five weeks, acquiring 71,179 ETH, which is its largest weekly purchase of 2026 so far, valued at approximately $147 million. This purchase signifies an increase from their previous weekly average. The company attributes this aggressive accumulation to the belief that Ether is in the final stages of a "mini-crypto winter." Despite general market volatility influenced by factors like Middle East tensions affecting institutional inflows, Bitmine's CEO, Lee, suggests the crypto winter may end once risks in oil markets subside, noting an increasing inverse correlation between crypto/equities and oil. Among major Ether treasury holders tracked by StrategicEthReserve, Bitmine is the only one to have publicly disclosed purchases this year, leading peers like SharpLink Gaming and Ether Machine in accumulation activity. Separately, CryptoQuant data shows that Michael Saylor’s Strategy has been the dominant buyer of Bitcoin over the last 30 days, acquiring 45,000 BTC, while other firms bought only about 1,000 BTC.

(Source：Cointelegraph)