Bitmine Steps Up Ether Buys as ETH Outperforms Bitcoin and Signals Market Strength
Bitmine Increases Ether Holdings Amid Positive Market Signals
Bitmine, known as the biggest Ethereum treasury firm, added more ether last week. This move comes as its chairman Tom Lee highlights how ether is beating bitcoin in performance. The trend points to growing strength in the overall crypto space.
Latest Purchase Details
The company bought 9,946 ETH worth around 19.4 million dollars. This is more than the 7,430 ETH it picked up the week before. After this buy, Bitmine now holds 5,787,414 ETH valued at 11.2 billion dollars. That equals about 4.8 percent of all ether in circulation.
Bitmine also stepped up its share buybacks. It purchased 6.1 million shares compared to 5.5 million the prior week. These buys fall under a 4 billion dollar authorization plan.
Why the Matters
Tom Lee sees the
ETH also reached a 10-week high recently. Lee says traders should watch the next key levels at 2,000 dollars and 2,500 dollars.
Strong Performance in Recent Weeks
Over the past month, ether ranked among the top gainers in major crypto indexes. It rose about 24 percent while bitcoin gained only 8 percent. This outperformance shows renewed interest in ETH and broader market momentum.
Long-Term Goals and Steady Buying
Bitmine started its weekly ether buying plan in June 2025. It has added to its holdings every single week since then. The firm aims to reach 5 percent of total ether supply. Current holdings put it close to that target despite slower buys than earlier in the year.
Market Outlook
These moves by Bitmine and the strength in the
