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BitMine Immersion Technologies (BMNR), the largest corporate holder of Ethereum (ETH) worldwide, announced on Monday that it had made a significant new purchase of nearly 61,000 ETH.\u00a0<\/span><\/p>\n BitMine\u2019s latest transaction, comprising 60,976 Ethereum tokens, marks the company\u2019s largest weekly acquisition in terms of tokens so far in 2026. Following this acquisition, BitMine\u2019s<\/span> total ETH holdings<\/span><\/a> have risen to 4.5 million tokens.<\/span><\/p>\n Notably, BitMine now holds around 3.76% of the total Ethereum supply, positioning itself over 75% of the way toward its ambitious target dubbed the \u201cAlchemy of 5%\u201d within just eight months.<\/span><\/p>\n In addition to its cryptocurrency holdings, BitMine <\/span>disclosed <\/span><\/a>that it has 3,040,483 ETH staked, which is valued at approximately $6 billion based on an ETH price of $1,965 at the time of the company\u2019s disclosure.\u00a0<\/span><\/p>\n The firm\u2019s total assets, including cash and other cryptocurrencies, have reached $10.3 billion, comprising 4.535 million ETH tokens, $1.2 billion in cash holdings, and various other crypto assets.\u00a0<\/span><\/p>\n As Ethereum prices stabilize above the crucial $2,000 support level, CEO Tom Lee highlighted the resilience of ETH amidst rising <\/span>geopolitical tensions<\/span><\/a> and increasing oil prices.<\/span><\/p>\n Lee commented on the current market conditions, expressing confidence that crypto prices are entering the final stages of what he referred to as a \u201cmini-crypto winter.\u201d <\/span><\/p>\n Ethereum prices showed resilience this week, in the face of rising war concerns and surging oil prices. We continue to believe that crypto prices are in the late\/final stages of the \u2018mini-crypto winter.<\/p>\n<\/blockquote>\n Lee also noted that ETH price movements are tracking trends observed in the <\/span>S&P 500 <\/span><\/a>during the falls of 2011 and 1987.\u00a0<\/span>According to analyses from BitMine\u2019s advisor, Tom DeMark of DeMark Analytics, these historical connections show correlations of up to 89% and 93% with the S&P 500\u2019s behavior during those periods.\u00a0<\/span><\/p>\n The analyst also predicts that Ethereum prices are likely to reach their lowest point between 8 and 14 March, potentially dipping just below the recent low of $1,740. This could equate to a decline of around 14% from current trading prices.<\/p>\n Lee also added that BitMine\u2019s strategy involves slightly increasing the pace of its <\/span>ETH accumulation<\/span><\/a>, enhancing its recent buying activity from an average of 45,000 to 50,000 ETH per week to the latest purchase of 60,976 ETH.<\/span><\/p>\n On Monday, Ethereum experienced a 4% gain, allowing the token to reclaim the $2,000 mark after a brief dip below that key level over the weekend. Concurrently, BitMine\u2019s stock, BMNR, also showed positive movement, trading at $20.70 per share at the time of writing, marking a significant <\/span>10% rally <\/span><\/a>for the company.<\/span><\/p>\n Featured image from OpenArt, chart from TradingView.com <\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" BitMine Immersion Technologies (BMNR), the largest corporate holder of Ethereum (ETH) worldwide, announced on Monday that it had made a significant new purchase of nearly 61,000 ETH.\u00a0 BitMine Holds 3.7% Of Total Ethereum Supply BitMine\u2019s latest transaction, comprising 60,976 Ethereum tokens, marks the company\u2019s largest weekly acquisition in terms of tokens so far in 2026. […]<\/p>\n","protected":false},"author":2,"featured_media":404002,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-421749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/421749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=421749"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/421749\/revisions"}],"predecessor-version":[{"id":421757,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/421749\/revisions\/421757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/404002"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=421749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=421749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=421749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BitMine Holds 3.7% Of Total Ethereum Supply<\/span><\/h2>\n
Related Reading<\/span><\/h2>\n<\/p>\n
Final Stages Of \u2018Mini-Crypto Winter\u2019\u00a0<\/span><\/h2>\n
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Related Reading<\/span><\/h2>\n<\/p>\n