Bitmine’s Increased ETH Accumulation Streak Continues for 4th Week

Bitmine Immersion Technologies has extended its Ether buying streak into its fifth week, scooping up 71,179 Ether in its largest weekly purchase of 2026 so far. 

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“This is logical. Until equity markets become comfortable with the future trajectory of oil prices, rising oil is a headwind for equities and crypto. And in a sense, the crypto winter likely ends when the upside risk to oil prices peaks,” he added.

Bitmine’s closest peers remain silent on ETH buys

StrategicEthReserve currently tracks 67 large Ether treasury holders, with Bitmine leading by a wide margin. SharpLink Gaming sits second with 863,000 Ether, while Ether Machine ranks third with 496,000 tokens.

Among the top three Ether treasury companies, Bitmine is the only one to have publicly disclosed purchases this year. 

SharpLink Gaming last purchased 3,600 Ether in December, while Ether Machine has not bought since acquiring 1,400 Ether in October, according to StrategicEthReserve.

Strategy buys 45,000 Bitcoin in 30 days

A similar trend is playing out among Bitcoin treasuries, according to CryptoQuant.

On Wednesday, Cryptoquant analysts said Michael Saylor’s Strategy has been the near sole driver of Bitcoin (BTC) treasury demand over the last 30 days.

Bitcoin purchases from non-Strategy firms amounted to around 1,000 BTC over the past 30 days, down 99% from peak levels, while Strategy bought 45,000 BTC over the same timeframe.

Related: Bitmine launches institutional Ethereum staking platform

Michael Saylor’s Strategy remains the number one public crypto treasury company, with reported holdings of 762,099 Bitcoin as of Sunday, worth more than $51 billion.

The company however recently paused its regular buys, with Saylor reporting no purchases to the US Securities and Exchange Commission between March 23 and March 29.

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