BitMine Purchases 126,971 ETH for $213M as Ethereum Drops 26% in Weekly Selloff

BitMine Immersion Technologies purchased 126,971 Ethereum (ETH) this week, valued at approximately $213 million to $214 million, marking the company's largest weekly digital asset acquisition of 2026. The purchase was timed to capitalize on a sharp market selloff that drove Ether prices down roughly 26 percent to an intraday low near $1,505.

The acquisition expands BitMine's total Ethereum treasury to 5,543,872 ETH, representing an estimated 4.59 percent of Ethereum's circulating global supply. This positions BitMine as the second-largest corporate holder of Ethereum worldwide. The company is now 92 percent complete toward its stated goal of accumulating 5 percent of Ethereum's total supply.