Ethereum accumulation is heating up โ and BitMine Immersion Technologies just made its biggest weekly $ETH purchase in over a month.
๐ฅ What Happened?
BitMine Immersion, largest Ethereum-focused treasury firm, bought 138,452 ETH last week, pushing its total holdings to a massive 3.86 million ETH.
At current prices, this nemw addition is valued at $435 million.
Thatโs not all โ the firm also boosted its cash reserves to $1 billion, signaling confidence and strong liquidity.
๐ WThe New p hy the Sudden Acceleration?
Chairman Thomas Lee pointed to two major factors:
๐ Ethereumโs upcoming Fusaka upgrade
๐ Bullish macroeconomic conditions
These catalysts have pushed the firm to speed up its accumulation strategy, which is clearly visible in the numbers.
๐ข Weekly ETH Acquisition Trends:
4 weeks ago: 54,000 ETH
2 weeks ago: 70,000 ETH
Last week: 138,452 ETH (156% jump!)
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๐ฏ What This Means for the Market
A treasury of this size accelerating ETH accumulation โ especially ahead of a major upgrade โ is a strong signal of institutional confidence.
If more firms follow suit, Ethereum may be entering a new phase of long-term strategic demand.
