Bitcoin reached 4.73M ETH in 2026 amidst massive buying flow
Bitmine has increased its Ethereum (ETH) holdings to over 4.73 million. The company is bullish on its ETH treasury strategy despite market struggles. The price of Ethereum hovers around $2,000.
Bitmine Immersion Technologiesled by Tom LeeIt accelerated Ethereum purchases, marking the biggest purchase of 2026 so far.
According to the company's update, Bitmine's total Ethereum holdings have increased to more than 4.73 million ETH, and the combined cryptocurrency and cash reserves are now more than $10.7 billion.
The firm also expanded its staking activity, even as Ethereum It will move towards the $2,000 level amid widespread weakness in the crypto market.
The downturn has led to significant capital outflows from ETH-focused investment products.
The largest weekly shopping lift containers
In Monday's update, Bitcoin reported its largest Ethereum purchase of the year with 71,179 ETH.
The transaction raised the total Ethereum treasury to 4.73 million tokens, representing 3.92% of Ethereum's total supply.
The latest purchase significantly exceeded the company's recent weekly average of 45,000–50,000 ETH, indicating a more aggressive accumulation strategy.
This contrasts with the behavior of the broader market, where many digital asset treasuries have halted purchases or liquidated holdings during declining prices.
Despite the macro headwinds, crypto is bigger
Ongoing macroeconomic and geopolitical pressures weigh on assets at risk.
Commenting on the trend, Bitmin's Chairman Thomas Lee said:
“As the Iran war enters its fifth week, ETH and crypto outperformed the broader market, with ETH outperforming stocks by 1,160 basis points.
Bitmin is one of the few large corporate buyers to maintain a consistent acquisition strategy despite market headwinds.
in contrast, Michael SaylorS StrategyBitcoin—the world's largest corporate holding—recently snapped a 13-week buying streak.
Ethereum, even though it is going out, holds more than $2,000
Ethereum has remained strong around $2,000 and is up nearly 10% in the past month.
Despite the constant flow of exchange and a cautious institutional sentiment, the property is held close to this region.
Data from CoinShares ETH Investment Products reported a net inflow of $222 million last week.
Bitcoin products saw outflows of more than $194 million, contributing to a broader $414 million withdrawal in crypto investment vehicles.
Long-term guilt continues
Despite these flows, Bitmine's continued rally reflects strong long-term confidence among select institutional players.
of Ethereum Foundation On Monday, it demonstrated a similar position by accumulating more than $46 million worth of ETH.
Looking ahead, Ethereum prices may benefit from fundamental resistance and may move higher in the coming weeks or months.
However, a break below $2,000 is a risk if negative sentiment prevails.
