Bitmine purchased 101,627 ETH last week, its largest buy since December 2025, increasing holdings to nearly 4.98 million ETH, or about 4.12% of the total supply. The company is nearing its 5% target, reflecting ongoing accumulation efforts in the Ethereum market. The purchase highlights Bitmine’s strategic expansion in the Ethereum ecosystem.
Ethereum whales opened $90 million in long positions as ETH approached $2,400, with technical signals suggesting a potential rally toward $3,000. The large bets indicate bullish sentiment among big investors, driven by ETH's recent price strength. Analysts see the move as a sign of confidence in Ethereum's short-term upward momentum.
Bitmine now controls 4.21% of Ethereum's supply, equating to approximately 4.97 million ETH, to support Wall Street's AI nodes. This makes BMNR the leading institutional validator on the network. The development highlights increased institutional involvement in Ethereum, with Bitmine's significant holdings emphasizing the growing role of large players in the ecosystem.
Bitmine purchased over 100,000 ETH in a single week for the first time since December, acquiring 101,627 ETH and increasing its holdings to 4.12% of the total supply. This marks its largest weekly purchase in four months and highlights its aggressive strategy to dominate Ethereum treasury holdings, with a goal of reaching 5% of the supply.
Ripple is accelerating efforts to make the XRP Ledger quantum-resistant amid rising concerns over quantum computing threats. The company claims that the XRP Ledger is better prepared than other blockchains, including Ethereum, to withstand future quantum attacks. The move highlights the growing focus on security upgrades in blockchain networks as quantum computing advances.
Bitmine has acquired 101,627 ETH last week, reaching 82% of its goal to control 5% of Ethereum’s total supply, totaling approximately 5 million ETH worth around $11.5 billion. The company has staked over 3.3 million ETH, representing 67% of its holdings. This move highlights its significant influence within the Ethereum ecosystem as of April 2026.
BitMine Immersion Technologies bought $235 million worth of Ethereum last week, bringing its total holdings to nearly 5 million ETH. This significant purchase indicates strong institutional interest in Ethereum, potentially impacting ETH's market dynamics. The move highlights ongoing confidence in Ethereum's long-term value and the company's strategic positioning within the crypto ecosystem.
