BitMine Soars with $81M Ethereum Buy Amid Price Surge

BitMine Immersion Technologies has made a significant Ethereum purchase, acquiring 32,447 ETH worth approximately $81 million. This acquisition has boosted its total Ethereum holdings to around 5.85 million ETH, which is roughly 4.8% of the circulating supply.

The purchase coincided with Ethereum's strongest weekly gain since May 2025, a 30% price surge that historically precedes larger rallies.

BitMine aims to control 5% of Ethereum's supply and has staked 87% of its holdings, expecting annual staking revenue of $330 million. Meanwhile, US spot Ethereum ETFs saw inflows of $697 million, signaling strong investor interest as ETH trades above $2,400 with technical resistance near $2,678.