BitMine Immersion Technologies, known for its Ethereum treasury strategy, recorded its largest weekly accumulation of 2026 with its latest purchase. Company leadership pointed to strong indications that the recent “mini winter” phase in the market has ended, highlighting renewed confidence among institutional investors.
According to the official statement, the company purchased 101,627 ETH worth approximately $230 million. This marks the largest weekly acquisition since mid-December and brings total Ethereum holdings to 4.97 million ETH. The move stands out at a time when many institutional players remain cautious, reinforcing expectations of a broader market recovery.
The company’s total assets have reached $12.9 billion, including 199 BTC and $1.12 billion in cash reserves, alongside diversified strategic investments. Additionally, a significant portion of its Ethereum holdings is allocated to staking, generating an estimated annual income of $221 million and strengthening its position as a key institutional player in the Ethereum ecosystem.
