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Ethereum: Bitmine bought 53,501 more ETH units after selling $131 million

2026-09-02 21:00:52
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Bitcoin Mining Machines has never stopped, and the company has just proved this again. The company, led by Tom Lee, last week completed its largest Ethereum (ETH) purchase week since June 2026, totaling $131 million.

In short, Bitcoin Miner bought 53,501 ETH units last week worth approximately US$131 million, its largest weekly acquisition since June. The company remains the world's largest holder of Ethereum vaults and the second-largest cryptocurrency vault after Strategy, with a total vault size of US$15.6 billion. Tom Lee said in his forecast that the ETH/BTC ratio is expected to rebound to 0.08, betting on tokenization, agent-based artificial intelligence and the migration of traditional finance up the chain.

Ethereum machine restarted by Bitcoin Mining Company: $131 million bought

Last week, Bitcoin Mining Company swallowed 53,501 ETH units, or approximately US$131 million, the largest weekly Ethereum purchase since June 2026. The move was enough to push the size of its vault to 5.9 million ETH units, accounting for 4.9% of the total supply of the encryption network. The acquisition volume is only about 2% short of the final 5% share. For a company like Tom Lee, this is just a drop in the bucket. In particular, 86% of the ETH held by Bitcoin Mining Machinery Company has been pledged on MAVAN, which is expected to generate approximately US$335 million in annual revenue. So Bitcoin miners are making money even without effort. To date, Bitcoin Miner is by far the largest Ethereum (ETH) vault holder on the market and the second-largest cryptocurrency vault for Strategy, the Bitcoin war machine of Michael Siler. Speaking of Siler, he also broke a two-month moratorium this week and repurchased $370 million worth of Bitcoin.

Tom Lee took out a crystal ball and predicted the trend of cryptocurrencies

As if accumulation wasn't enough, Tom Lee just released a rather bold prediction. He believes that the ETH/BTC ratio will continue to rise, at least targeting the previous high of 0.08! For the next five years, his vision can be boiled down to three words: tokenization; agent-based artificial intelligence; and the migration of traditional finance to the chain. In Tom Lee's view, a large part of this wave will fall directly on Ethereum. This is all profit for him because he still holds 4.9% of the ETH supply in circulation and builds the entire economic model around it. In addition, since the end of June, Ethereum (ETH), Bitcoin (BTC) and Solana (SOL) have become the three best-performing assets in the cryptocurrency market. During the quarter, ETH outperformed the S & P 500 by more than 5400 basis points, enough to push institutions to increase their exposure to cryptocurrencies. Between the weekly expansion of Bitcoin miners 'vaults and the accompanying story told by Tom Lee, one thing is certain: Bitcoin miners have no intention of stopping anytime soon and aim to surpass Ethereum (ETH) by 5%. The question is whether the cryptocurrency market can keep pace.

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