Bitmine purchased 71,672 ETH valued at approximately $153.66 million last week, bringing its total Ethereum holdings to 5,278,462 ETH worth $11.32 billion, according to on-chain data.
The purchase represents part of a broader accumulation pattern, with Bitmine acquiring over 110,000 ETH throughout the week across multiple transactions. The latest acquisition reflects continued institutional-scale buying pressure in the Ethereum market, signaling confidence in the asset's medium-term valuation.
The accumulation underscores growing institutional interest in Ethereum as a long-term holding. Bitmine's position now represents a significant concentration of ETH supply, making the entity a notable whale holder capable of influencing market liquidity and price dynamics.