BitMine Immersion Technologies has stepped up its ether accumulation again, buying 101,627 ETH over the past week in a deal worth more than 230 million dollars at the time of reporting. CoinDesk described it as the company’s largest weekly ether purchase of 2026, extending a buying streak that has made BitMine one of the most aggressive corporate ETH accumulators in the market.
The new purchase pushed BitMine’s total treasury to just under 5 million ETH, with multiple reports placing the figure around 4.97 million to 4.98 million ether. That means the firm is getting closer to its stated goal of controlling about 5 percent of Ethereum’s circulating supply, and some coverage says it is already more than 80 percent of the way there.
What stands out is not just the size of the buy, but the pace. Several reports note that this was BitMine’s biggest weekly haul since mid-December 2025, which suggests the company is accelerating again rather than simply maintaining a steady background bid. In practical terms, that gives the market another sign that at least some large treasury players still see current ETH levels as attractive enough to keep adding in size.
The broader balance sheet picture also matters. Recent summaries of BitMine’s position put total crypto and cash assets near 12.9 billion dollars, and note that more than 3.3 million ETH is already staked. That means BitMine is not only treating ether as a treasury reserve, but also as a yield-generating asset inside a larger capital strategy.
Taken together, the latest buy reinforces BitMine’s identity as an ether treasury vehicle first and a conventional public company second. Rather than slowing after earlier purchases, it is still pressing forward with large weekly additions, which keeps the market focused on one question: how quickly it can reach the 5 million ETH threshold and how much influence that kind of concentrated corporate position could have on the broader Ethereum ecosystem.





































































































