Bitmine Catches Up to MSTR with Record ETH Purchase

Bitmine Immersion Technologies broke a record in weekly Ether purchases and attracted attention with a transaction worth approximately 234 million dollars for 101,901 ETH. This purchase was recorded as the company's largest weekly accumulation this year. The firm, led by Tom Lee from Fundstrat who took over BMNR, appears to be matching the rhythm of MicroStrategy's (MSTR) regular Bitcoin purchases. While Strategy, managed by Michael Saylor, maintains its usual weekly BTC purchases around 200-300 million dollars, Bitmine is rapidly advancing towards these levels.

Details of Bitmine's Record ETH Purchase

Bitmine, which has reached the peak of accelerating purchases over four months, started from 76 million dollars weekly at the beginning of January and now holds more than 5 million ETH, or 4.21% of the circulating supply. The company returned to its current strategy in June 2025 and surpassed this threshold in 10 months. This accumulation demonstrates the strength of institutional demand, which we also emphasize on our ETH detailed analysis pages.

Comparison with MicroStrategy BTC Purchases

In an environment where most crypto treasuries slowed down as ETH prices fell below 1,900 dollars during the February decline, Bitmine did not stop; on the contrary, it increased its purchase pace. Strategy also paused its 13-week BTC series at the end of March and accelerated again at the beginning of April. Excluding massive purchases from STRC (for example, the 2.54 billion dollar explosion on April 21), the rhythms of the two firms are quite similar. Both are accumulating crypto through stock issuance and convertible debt.

Bitmine ETH Staking Yields and Asset Size

Bitmine's tokens, 73% of which are staked, provide an annual yield of 264 million dollars, while total crypto and cash assets approached 13.3 billion dollars. This strategy proves that ETH staking yields provide protection against volatility in the ETH futures market. The staking ratio is an expert approach that accelerates accumulation with passive income.

Bitmine's Resilient Strategy Under Market Pressure

Despite an 8 billion dollar loss against 16 billion dollars of purchases during the February-March pressure, Bitmine continued buying; Ether rose 22%, vindicating the firm. This duo is establishing an unprecedented institutional absorption mechanism for Ether and regularly devours supply regardless of price fluctuations. Similarly, the BTC market is supported by institutional purchases.

BTC Technical Analysis: Current Support and Resistance Levels

Today, BTC price is at 76.119,06 USD level, 24-hour change -%0,63. RSI 54,81 neutral, trend sideways but Supertrend giving bearish signal. EMA 20: 75.387,81. Institutional purchases keep BTC strong in BTC detailed analysis.

These levels indicate that purchases like Bitmine's could prevent BTC bottom tests; a R1 breakout in the sideways trend could create upward impulse.