Bitmine Scooped Even More ETH in 65th Week of Buys

In Ethereum news today, ETH is trading at $2,450, down a modest -0.4% over the past 24 hours, still boxed in below the $2,500 ceiling that has rejected every recent breakout attempt. That range-bound grind hasn’t stopped BitMine Immersion Technologies from doing what it’s done for 65 straight weeks: buying more ETH. The scale of the latest purchase is the real story here. BitMine (BMNR) added 53,501 ETH last week, its largest weekly acquisition since June, pushing total holdings to 5.901 million ETH worth roughly $14.63Bn at current prices. TOM LEE BOUGHT $134M OF ETH This was Bitmine’s biggest weekly ETH buy in over 2 months. They now hold $14.35B of ETH, or 4.89% of the total ETH supply. They only need to buy $324.5M more of ETH to reach 5% of supply. pic.twitter.com/LMBPk7i4hb — Arkham (@arkham) September 1, 2026 Chairman Thomas Lee tied the move to ETH’s Q3 outperformance versus the S&P 500, a spread he pegs at 5,430 basis points, and flagged the mid-September Senate cloture vote on the CLARITY Act as a potential institutional catalyst. BitMine’s accumulation pattern now sits alongside a 5.067 million ETH stake in its MAVAN validator network, generating an estimated $335 mi...