Ethereum (ETH) Price: ETF Inflows Hit Highest Level Since October as Golden Cross Forms

TLDR

• BitMine purchased 53,501 ETH last week, its largest weekly buy since June, pushing holdings to 5.901 million ETH worth $14.63 billion.
• BitMine now holds 4.9% of Ethereum’s circulating supply, approaching Tom Lee’s “Alchemy of 5%” target.
• ETH ETFs recorded $824 million in net inflows last week, their largest since October.
• ETH outperformed the S&P 500 by 5,430 basis points in Q3, according to Lee.
• ETH trades near $2,450 after a roughly 33% rally in August, with key support at $2,431.

BitMine Immersion Technologies (BMNR) added another 53,501 ETH to its treasury last week, its biggest single-week purchase since June. The acquisition extended the company’s buying streak to 65 consecutive weeks, dating back to when it launched its Ethereum treasury strategy on June 30, 2025.

The firm’s total ETH holdings now stand at 5,901,112 ETH, valued at approximately $14.63 billion. That stack represents roughly 4.9% of Ethereum’s 120.7 million circulating tokens, putting BitMine just short of its stated 5% ownership target.

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