BitMine stacks 101,745 more ETH — now holds 4.3% of total supply as $2,400 resistance looms

BitMine&#x27;s latest purchase of 101,745 <a class="ticker-mention" href="/en-US/token/eth">ETH</a> pushes its total treasury to roughly 4.3% of Ethereum&#x27;s entire circulating supply, marking a third consecutive week of heavy accumulation. The scale of the buy is drawing attention to the divergence between corporate treasury strategies — some sitting idle while BitMine systematically absorbs supply.

The accumulation is unfolding as ETH price wrestles with the $2,400 resistance level, a zone that has capped several recent rallies. Fundstrat&#x27;s Tom Lee has publicly framed the current macro setup as a &#x27;crypto spring,&#x27; suggesting the seasonal and structural tailwinds are aligning for a broader move higher.

If BitMine&#x27;s pace holds, the supply-side pressure it creates could become a meaningful factor in how quickly ETH clears that resistance — institutional accumulation at this scale rarely stays invisible to the market for long.