Bitmine bought 71k Ether in a single week, setting the largest accumulation record since December last year

According to the announcement issued on Monday, Bitmine Immersion Technologies (U.S. stock ticker: BMNR) increased its holdings of Ethereum by 71,252 coins last week, marking the largest buying expansion since last December. As of April 5, Bitmine’s Ethereum holdings have risen to 4.8M coins, with a total value of about $10.3 billion. Bitmine’s Chairman Tom Lee said, “We assess that Ethereum is in the final stage of a mini crypto winter.” He added that based on this assessment, Bitmine has been pressing the accelerator consistently over the past four weeks, continuously expanding its pace of buying. The feat of purchasing more than 71k Ethereum coins last week also set a new record for the highest buying volume since the week of December 22, 2025 (when it snapped up 98,852 coins). So far, Bitmine has accumulated 3.98% of the world’s total Ethereum supply. The company previously stated publicly that its long-term goal is to accumulate about 5% of the circulating Ethereum supply. Tom Lee remains bullish on Ethereum’s hedging value amid the Iran conflict. He noted that since the war broke out six weeks ago, Ethereum has been the “second-best performing asset,” up 6.8% cumulatively—by 1,130 basis points more than the S&P 500, and by 1,840 basis points more than gold. He said:

This indicates that Ethereum is a store of value with wartime usefulness. While war brings downside pressure to global markets, Ethereum can become one of the few assets that rises against the trend—truly rare.