Bitmine increased its holdings by 53,500 ETH, marking the largest single-week purchase since June

Last week, Bitmine Immersion Technologies, a company listed on the NYSE, accelerated its accumulation of Ethereum, purchasing 53,501 ETH worth approximately $131 million, marking the largest single-week buy since June. The company announced on Monday that its ETH holdings have reached 5,901,112 coins, equivalent to about $14.8 billion at a reference price of $2,511 per coin, accounting for 4.9% of the total Ethereum supply of 120.7 million coins, and it has completed 98% of its "5% Alchemy" goal to control 5% of the network's supply.Since launching its treasury strategy on June 30, 2025, Bitmine has consistently bought Ethereum for 65 weeks. Including cash, other tokens, and "moonshot" investments, the company's total holdings reached $15.6 billion as of Saturday, which includes 211 bitcoins, $541 million in cash and securities, $180 million in Beast Industries equity, and $81 million in Eightco Holdings positions. Bitmine remains the world's largest Ethereum treasury and is the second-largest crypto treasury after Strategy.Chairman Tom Lee stated that the three best-performing assets since June 30 are Ethereum, Bitcoin, and Solana, with Ethereum outperforming the S&P 500 index by 5,430 basis points this quarter, laying the foundation for institutional accumulation of crypto assets.