BitMine Immersion Technologies (BMNR) expanded its Ethereum treasury by 53,501 ETH over the past week, marking the company's most substantial seven-day acquisition since June. This purchase extends BitMine's uninterrupted buying campaign to 65 consecutive weeks, a streak that began when the firm initiated its ETH accumulation strategy on June 30, 2025.
Ethereum's market structure is shifting as institutional accumulation grows, speculative leverage fades, and whale activity introduces new supply pressure.
Deputy Chairman Anatoly Popov told state media that trading could hit 4 trillion rubles in its first year, as the bank prepares to broaden crypto-backed lending once regulators sign off.
Bitmine Immersion Technologies (BMNR) accelerated its Ethereum accumulation for a second consecutive week, purchasing another 53,501 ETH as Chairman Tom Lee expects strong crypto market performance to attract greater institutional demand. The latest Ethereum purchase was valued at approximately $131.3 million based on an ETH price of around $2,455 on Monday.
Institutional interest in Ethereum ETFs signals a growing acceptance of digital assets, potentially reshaping traditional investment landscapes. Ethereum ETFs pull in $60M in a single day as institutional appetite keeps building.
Hayes described Ethereum as his “number one” pick and projected a 3x to 5x rise for the asset in the short term. ETH's RSI stands at 76.3, in overbought territory, facing a key resistance level at $2,500. Bitcoin maintains a dominance of 59.
Sberbank plans to accept ETH and USDT alongside Bitcoin as loan collateral, contingent on Russia approving the assets for public circulation.
Bitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses.
BitMine Immersion Technologies has purchased another 53,501 ETH, lifting its Ethereum treasury to 5,901,112 tokens worth about $14.54 billion at the time of writing. BitMine's Ethereum holdings have reached 5.
BitMine's Ethereum treasury has reached 5.90 million ETH, leaving the company 133,900 tokens away from its 5% ownership target.
Robinhood Chain apps earned about $2.66 million in 24 hours on Aug. 30, beating Ethereum as memecoin trading drove activity.
The purchase lifts Bitmine's stash to 5.9 million ETH—4.9% of supply—as chairman Tom Lee points to crypto's strong third quarter.