Bitmine (NYSE: BMNR), the largest Ethereum treasury company, significantly increased its Ether (ETH) accumulation last week, recording its biggest weekly ETH purchase of 2026 despite a sharp downturn in the cryptocurrency market. According to the companys latest update, Bitmine acquired 126,971 ETH over the past week, valued at approximately $214 million based on current market prices.
Bitmine purchased 126,971 ETH for about $207M, lifting its treasury to 5.54M tokens worth $9B as ether trades near 30% below its April highs.
Bitmine (BMNR) has expanded its Ethereum holdings to 5.54 million ETH following last week's acquisition of 126,971 tokens — the firm's most aggressive weekly accumulation this year. With ETH trading around $1,630, the company's position carries an estimated value of $9.04 billion.
Bitmine Immersion Technologies now controls 4.59% of the entire ethereum supply after accumulating 5.54 million ETH valued at approximately $9.04 billion at current prices. Holdings Overview The Norwalk, Connecticut-based company disclosed total crypto, cash, and “moonshot” holdings of $9.6 billion as of June 7, 2026.
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The company bought 126,971 ETH last week, worth roughly $214 million at current prices, despite chairman Tom Lee's earlier calls to slow purchases.
Bitmine raises its Ethereum holdings to 5.54 million ETH, worth about $9.04 billion, while 4.72 million tokens remain staked through MAVAN.
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