Bitmine makes biggest ether purchase in 2026 while other digital asset treasuries pull back

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitmine makes biggest ether purchase in 2026 while other digital asset treasuries pull back Tom Lee's Ethereum treasury bought more than 71,000 ETH over the past week, remaining the sole large corporate crypto buyer as Strategy broke its 13-week bitcoin purchase streak. By Krisztian Sandor | Edited by Sheldon Reback Mar 30, 2026, 2:38 p.m. Make preferred on Thomas Lee, chairman of BitMine and CIO of Fundstrat, on the main stage during Consensus Hong Kong 2026 (CoinDesk) What to know : BitMine Immersion Technologies bought 71,179 ether last week, making its largest weekly purchase of 2026. The company has accelerated its ether accumulation for four consecutive weeks even as crypto prices slump, while most other large digital asset treasuries have paused or reduced their holdings. With Strategy ending a 13-week bitcoin buying streak, BitMine is now the only major corporate buyer of crypto at scale holding onto its weekly accumulation streak. BitMine Immersion Technologies (BMNR) made its largest weekly purchase of either (ETH) this year, adding 71,179 ETH and extending a month-long ramp-up in buying even as crypto prices remain under pressure. The purchase, worth roughly $143 million at current prices, lifted the company's total holdings to over 4.73 million ETH, about 3.92% of the token's supply, according to a Monday update . BitMine has now increased its buying pace for four straight weeks, stepping up from a prior average of 45,000 to 50,000 ETH. The move stands out as most other large digital asset treasuries (DAT) halted crypto accumulation or even sold tokens during the crypto market downturn. Strategy (MSTR), the largest corporate bitcoin BTC $ 67,123.49 owner, was the only other major buyer in the recent months, and even the Michael Sayler-led company refrained, breaking a 13-week buying streak . Bitmine Chairman Thomas "Tom" Lee said the firm continues to see the current market as the final phase of a downturn as rising oil prices and geopolitical tensions keep risk assets under pressure. The company’s total crypto and cash holdings stood at $10.7 billion. In addition to its ETH treasury, BitMine held 197 bitcoin, and $961 million in cash and equity stakes, including $102 million in Eightco Holdings. Ethereum News Digital Asset Treasury More For You The Definitive Stablecoin Landscape Series: North America By CoinDesk Research Mar 26, 2026 Commissioned by Ripple As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption. Why it matters : Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all. View Full Report More For You Bernstein says the 60% crash in crypto stocks is a rare chance to buy the dip at a 'big' discount By Will Canny , AI Boost | Edited by Aoyon Ashraf 10 minutes ago The broker said crypto equities trading at steep discounts are approaching a floor into weak first-quarter results, revising price targets on Coinbase, Robinhood and Figure. What to know : Bernstein sees crypto equities bottoming ahead of Q1 earnings after a ~60% drawdown from 2025 highs. It lowered its price targets for Coinbase, Robinhood and Figure despite the long-term growth outlook. The broker highlighted strong multi-year growth tied to stablecoins, tokenization and derivatives. 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