Bitmine acquires 126,971 ETH in largest weekly purchase despite Tom Lee's earlier caution
By
Krisztian Sandor
1d ago· 3 min readenNews
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Summary
Bitmine (BMNR), the largest Ethereum treasury company, made its largest weekly ETH purchase in 2026, acquiring 126,971 ETH worth roughly $214 million amid falling crypto prices. This purchase significantly exceeded the previous week's 26,497 tokens, bringing the firm's total holdings to 5.54 million ETH valued at approximately $9.3 billion. The aggressive buying came despite chairman Tom Lee's earlier calls to slow purchases.
Key quotes
· 3 pulledBitmine (BMNR), the largest Ethereum treasury company, ramped up its purchases of ether (ETH) last week, making its largest weekly purchase in 2026 as crypto prices tanked.
The firm bought 126,971 ETH over the past week, worth roughly $214 million at current prices, Bitmine said on Monday, compared to 26,497 tokens the previous week and nearly 120,000 ETH the week before.
The purchase lifted the firm's total holdings to 5.54 million ETH, worth some $9.3 billion at current prices, according to the report.
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.
