Bitmine adds 101,901 ETH in a week, total stash now worth $11.76B

Fundstrat&#x27;s Tom Lee-backed Bitmine acquired another 101,901 <a class="ticker-mention" href="/en-US/token/eth">ETH</a> — roughly $236 million — last week, bringing its total holding to 5,078,386 ETH valued at approximately $11.76 billion. The pace of accumulation signals a deliberate, high-conviction treasury strategy rather than opportunistic dip-buying.

A position of that scale puts Bitmine among the largest known institutional ETH holders on record. Consistent weekly adds at nine-figure clip suggest the firm is building toward a structural long rather than a trading position — the kind of demand that tightens available float over time.

For the broader market, sustained institutional absorption at this size is a meaningful supply-side signal heading into any near-term catalyst.