Bitmine Buys More ETH as Ether ETFs See $197M Inflows
Bitmine bought another 27,180 ETH this week, while investors poured $196.9 million (USD) into US Ether ETFs and pulled money out of Bitcoin funds. If you hold ETH in a wallet, this kind of demand shift can move prices faster than daily trading volume alone.
What actually happened
Bitmine's ether stash now totals 5.96 million ETH after the latest 27,180 ETH purchase, according to The Block. Separately, CoinDesk reported the firm spent $68 million (USD) on ether, with chairman Tom Lee pointing to a climbing ETH-BTC ratio and institutional buying as the company nears a 5% share of total ETH supply. Adviser Tom DeMark told The Block he expects a sharp price move within weeks. US spot Ether ETFs took in $196.9 million (USD) net over four trading days, per Farside Investors data cited by Cointelegraph, with BlackRock's iShares Ethereum Trust alone adding $148.8 million (USD) on Friday. Bitcoin ETFs lost $462.7 million (USD) in the same stretch. ETH traded at $2,511, up 0.75% in 24 hours, with volume near $12.67 billion (USD) and a market cap of $306.36 billion (USD).
How we got here
Bitmine has spent months building one of the largest corporate ether holdings on record, treating it as a long-term treasury position rather than a short-term trade. Lee's 5% target refers to a share of total ETH supply, not a price target. Bitcoin ETFs had just wrapped their best three-week inflow stretch of 2026 before this reversal. Ether ETFs turned positive only on the final day of the week, when a single $216.4 million (USD) inflow pulled the whole week into positive territory.
Why this matters for you
For everyday wallet holders, this is a reminder that price moves often follow where large pools of capital, corporate and institutional, choose to sit. Neither treasury buying nor ETF inflows guarantee a price rise, but they reduce available supply on exchanges. For anyone using a bonuz wallet to hold or track ETH, the more notable signal this week is not the price itself, it's that Bitcoin ETFs bled while Ether ETFs gained, a split worth watching if it repeats. For builders in the bonuz ecosystem, a public accumulation target from a firm this size gives a visible reference point when discussing ETH demand.
The bigger question
If both corporate treasuries and exchange-traded funds keep favoring ether over bitcoin week after week, does that signal a lasting shift in how institutions allocate their crypto capital, or is it a short-term rotation tied to this one unusual week? The answer could shape how future ETFs, corporate treasuries, and even wallet products decide which asset to prioritize in the months ahead.
What to watch
Watch for Bitmine's next disclosure on its progress toward the 5% ETH supply target, and for any sign that Tom DeMark's predicted sharp price move plays out. No specific date has been set for either update. The next Farside Investors weekly flow report will show whether Ether ETF inflows continue or reverse. bonuz will keep tracking both threads as they develop.
