BitMine ETH Accumulation Pace
BitMine's reduction in Ethereum acquisitions may reflect a cautious approach despite bullish market signals.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Still mostly niche and specialist coverage — not yet picked up broadly by mainstream press.
"BitMine Immersion Technologies bought 126,971 ETH during the latest weekly decline, its largest weekly purchase of 2026. The company valued its ETH position near $9.04 billion using a reference price of $1,630. It also reported that 4,718,677 ETH remained staked."
"The Ethereum weighted funding rate reached 0.0113% on May 31, the highest it has ever been since August 23 2025. This rate has been positive for 25 straight days, showing that there are more people who are going long than short."
"Lee’s remarks coincided with BitMine’s decision to slow down its Ethereum acquisitions last week. The firm bought 26,659 ETH last week, down 75% from its recent weekly average of 100,000 ETH."