Bitcoin slows down Ethereum buying with low $75.59M purchase
TLDR
Bitcoin bought 24,266 ETH for $75.59M, the lowest weekly purchase since mid-2025, which began last year.
The company now holds 4.17M ETH at $12.98B, which represents 3.45% of Ethereum's distributed supply.
Bitcoin increased its cash reserves by $73M to $988M while being the largest holder of public ETH.
Tom Lee Expects Crypto Recovery in 2026 After October 2025, Mini-Winter-like Reset
Bitmine Immersion Technologies Last week, he bought 24,266 ETH for $75.59 million. The purchase marks the company's lowest weekly purchase on record.
Fundstrat chairman Tom Lee's company now controls 4.17 million ETH worth $12.98 billion. The reduced buying momentum comes as Ethereum trades at $3,096 after a weekly decline of 2.31%.
Bitcoin reduces weekly ETH purchases despite bearish outlook
The company is listed on the NYSE. As of January 11th, its crypto holdings reached $14 billion.
Bitmine's treasury consists of 4,167,768 ETH purchased at an average price of $3,119 per token. The company holds 193 bitcoins and $23 million in Eightco Holdings stock. Cash reserves stood at $988 million after rising $73 million in the same week.
Bitcoin controls 3.45% of Ethereum's 120.7 million circulating supply. The company holds its position as the largest public ETH treasury.
Tom Lee The organization stated. It only provides equity at a premium to the improved net asset value. Bitmin has revealed that it is the biggest buyer of ETH globally.
The slowdown follows months of strong accumulation until 2025.
According to data from Loonchain, the latest purchase represents a significant decline compared to previous weekly averages. Bitmin is still getting cash tokens and it has increased. The company has positioned itself for commercial staking operations by Q1 2026 through MAVAN.
Lee pointed to stablecoin adoption and tokenization as key drivers blockchain infrastructure. In the year He compared recent market conditions to a mini-crypto winter following the October 2025 profit reset.
The chairman Expect crypto prices to recover through 2028 with strong gains in 2026.
Ethereum price action is testing key levels amid institutional buying
Ethereum traded at $3,096 with a 24-hour volume of over $20.4 billion.
The token pushed towards $3,170 before returning to current levels. Daily trading data showed a decline of 0.46% in the previous day.
Trader Lennaert Snyder said ETH looks strong Bitcoin In the current market structure. It holds a hidden thesis targeting monthly open levels of $2,970.
Short positions will look attractive until prices decline above the monthly high of $3,309. Snyder identified reversal zones at the $3,184 and $3,263 resistance levels.
The decrease in Bitmine's buying speed is related to the price action in the crypto markets. The company plans to reach 5% of the total ETH supply Next collection.
The launch of MAVAN's share platform could position Bitmine as the largest share provider in crypto. The company's treasury strategy depends on the chosen equity issuance and premium rates.
Market participants look to institutional buying patterns for direction cues.
Bitumen maintains its long-term rally pattern despite weekly swings. The company's $14 billion position shows significant exposure to Ethereum infrastructure.
