Quick overview

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ETH  increased by 15% in the past month, and top Ethereum treasury company BitMine Immersion Technologies recently announced its third consecutive weekly purchase of over 100,000 ETH, extending its buying streak.

The former being the company’s largest haul to date in 2026, following weekly purchases of 101,901 ETH and 101,627 ETH—BitMine bought 101,745 ETH over the past week.

Ethereum’s most recent weekly purchase is worth more than $240 million at its current trading price of $2,365.

The publicly traded company currently has a stash valued at $12.2 billion, having amassed over 5.18 million in total. In addition, the company has $700 million in cash on hand and 200 Bitcoin worth about $16 million.

BitMine (BMNR) shares are currently trading at $22.91, up more than 4% for the day. Although shares have dropped more than 15% since the beginning of the year, they have increased by almost 18% in the last month.

10,000 ETH bought directly from the Ethereum Foundation during an over-the-counter sale that was announced on Friday at an average price of $2,292 per coin are included in the weekly purchase total. The Ethereum backer’s operations, community grants, and other initiatives were funded by the sales,  the second consecutive weekly purchase of 10,000 ETH from the Foundation.

BitMine Chairman Tom Lee said, “We believe that the Crypto Spring has begun, and similar to previous cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen.”

We think the CLARITY Act’s possible passage—or even failure—confirms the arrival of the crypto spring. Regarding the future catalysts for cryptocurrency profits, Ethereum continues to profit from the dual advantages of Wall Street tokenization on the blockchain and the growing demand for public and neutral blockchains from agentic AI systems