Key Insights:
- BitMine reportedly bought another 53,501 ETH crypto worth $126 million.
- Ethereum ETFs recorded $76.99 million in daily inflows and $740.57 million over seven days.
- A whale consolidated 167,855 ETH, worth $408 million, before depositing the assets on exchanges.
Bitmine has reportedly acquired another 53,501 ETH crypto, worth about $126 million, through transactions involving FalconX and BitGo.
Chairman Tom Lee said weekly buying has continued for 65 consecutive weeks. That sequence began with the Ethereum treasury strategy on June 30, 2025. The disclosed weekly amount exceeded the separately tracked transfer of 2,501 ETH.
Bitmine Ethereum Crypto Holdings Approach 5% of Supply
According to a filing with the U.S. Securities and Exchange Commission (SEC), Bitmine held 5,901,112 ETH as of August 30 at 3:00 p.m. ET, valuing each token at $2,511. That position equaled 4.9% of the stated 120.7 million ETH supply, according to the company.
Beyond Ethereum, the balance sheet included 211 Bitcoin and two disclosed corporate investments. Bitmine reported a $180 million stake in Beast Industries and an $81 million stake in Eightco Holdings.
The company also held $541 million in total cash and marketable securities. The update separated cryptocurrency holdings, equity investments, and available financial resources.
Alongside those holdings, Lee compared Ethereum’s third-quarter performance with the broader market. He identified ETH as the best-performing macro asset through last Friday.
According to Lee, Ethereum outperformed the S&P 500 by 5,430 basis points over that period. He also ranked ETH, Bitcoin, and Solana as the three leading assets since June 30. The performance window began on the treasury strategy’s launch date and continued through last Friday.
Building from that comparison, Lee listed several developments behind Bitmine’s remaining-2026 outlook. Lee cited the CLARITY Act vote scheduled for mid-September. Additionally, he reported renewed cryptocurrency buying among Korean investors, alongside rotation away from artificial-intelligence stocks.
Chairman Lee expects the four-year market cycle to reach a bottom within the next few weeks. He also forecasts greater institutional buying during the final months of 2026. He linked that forecast to tokenization and agentic AI, as well as to crypto’s third-quarter performance.
Ethereum ETFs Post $740.57 Million Weekly Inflow
Meanwhile, Lookonchain reported that Ethereum exchange-traded funds recorded net 1D inflows of 31,399 ETH, valued at $76.99 million. Seven-day net inflows reached 302,035 ETH, or $740.57 million. Ethereum’s weekly total exceeded the one-day count by 270,636 ETH.
Bitcoin ETFs showed a different daily direction, posting net outflows of 2,689 BTC worth $209.79 million. Nevertheless, their seven-day net flow remained positive at 11,724 BTC, valued at $914.72 million. Measured in dollars, Bitcoin’s weekly inflows exceeded Ethereum’s weekly total by $174.15 million.
While funds recorded weekly inflows, an unidentified Ethereum whale started moving a much larger personal balance toward exchanges. According to Lookonchain, the whale first received 167,855 ETH, valued at $408 million, from multiple wallets.
Over the next two days, the holder deposited 70,739 ETH across several exchanges. Those deposits carried an estimated value of $174 million and represented about 42.1% of the received balance. Meanwhile, the address retained 97,115 ETH worth about $237 million. The exchange transfers formed part of the reported selling activity involving the 167,855-ETH position.
Ethereum Liquidations Shift Across Timeframes
At the same time, CoinGlass data showed that Ethereum derivatives generated $37.47 million in liquidations during 24 hours.
Short positions accounted for $25.46 million, forming a larger share of the daily total. Shorts represented about 68% of all Ethereum liquidations during that window. Bearish traders, therefore, absorbed most of the losses over the full day.
However, shorter windows showed the opposite positioning pattern. Long liquidations reached $6.85 million over four hours and $9.55 million over 12 hours. Those readings tracked a downside move that removed leveraged long positions before ETH recovered.
