BitMine’s Record ETH Buy Fuels Ethereum Market Surge Toward 5% Supply
Ethereum’s latest rally has a familiar name behind it. BitMine Immersion Technologies just logged its biggest weekly Ethereum purchase since June, and the timing lines up with a broader Ethereum market surge that’s pulling in institutional money at a pace not seen in months. Between record ETF inflows, a fresh technical breakout, and one company’s relentless accumulation strategy, ETH is suddenly back at the center of the crypto conversation.
Key takeaways
- BitMine acquired 53,501 ETH in the past week, its largest single-week purchase since June and its 65th consecutive week of buying.
- Total holdings now stand at 5,901,112 ETH, worth roughly $14.63 billion, or about 4.9% of Ethereum’s circulating supply.
- BitMine has staked 86% of its ETH through its MAVAN platform, generating close to $335 million in projected annualized yield.
- U.S. spot Ethereum ETFs pulled in $824 million in net inflows last week, the strongest showing since October.
- ETH climbed about 33% in August and is trading near $2,450, with a Golden Cross pattern suggesting a possible run toward $4,800.
BitMine’s Ethereum Accumulation Hits New Highs
BitMine’s buying spree just hit a new milestone, and it’s the clearest sign yet that one of Ethereum’s largest institutional holders isn’t slowing down. The company added 53,501 ETH over the past week, according to a weekly update from Bitmine Immersion Technologies, marking its most aggressive single-week purchase since June and extending an unbroken streak of weekly acquisitions to 65 consecutive weeks since the treasury strategy began on June 30, 2025.
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