BitMine Immersion Technologies has made its largest ether purchase of 2026, acquiring 71,179 ETH worth roughly $143 million as it continues aggressive accumulation.
The purchase lifts the company’s total holdings to over 4.73 million ETH, representing about 3.92% of Ethereum’s total supply.
Chairman Thomas “Tom” Lee said the firm views the current market as the final phase of a downturn, continuing to buy despite macro pressures.
BitMine has now increased its buying pace for four consecutive weeks, accelerating from earlier averages of around 45,000 to 50,000 ETH per week.
The strategy stands out as most other digital asset treasuries have paused or reduced crypto exposure amid falling prices and heightened uncertainty.
Strategy, previously a consistent buyer of bitcoin, recently broke its 13-week accumulation streak, leaving BitMine as the only major corporate crypto buyer at scale.
The move underscores a divergence in institutional strategies, with BitMine doubling down on Ethereum while others adopt a more cautious stance.
At the time of reporting, Ethereum price was $2,072.89.