BitMine’s biggest weekly purchase of Ethereum (ETH) came with a bullish whale profit sign! Is the first altcoin ready to break out?
BitMine adds 71,524 ETH, for a total of almost 4.88 million
BitMine Immersion Technologies recorded its highest weekly Ethereum accumulation since December 2025! Treasury added 71,524 ETH over the past week.
The latest purchase brings the company’s total holdings to approximately 4.875 million ETH, solidifying its lead as the largest enterprise ETH holder in the market. As of April 12, the company’s combined crypto assets and cash reserves stood at approximately $11.8 billion.
BitMine now holds just over 4% of Ethereum’s total supply.
Whale profit signal becomes positive again
Bitmine is buying aggressively and whale positioning appears equally constructive. According to recent data, wallets containing more than 100,000 ETH have just returned to unrealized profits; this is after they briefly enter a zone of loss.
This shift has been a key inflection point so far. The upward trend in prices, after similar reversals in the situation during 2019, 2020 and the end of 2022, gives weight.
Large holders have returned to profit, so it is clear that confidence is returning to the top of the market. This could be a first bullish sign for ETH.
ETH holds over $2,200
At press time, ETH was trading at $2,207.68, above the key $2,200 level. This is after an ascent in late March and early April.
The momentum is in slightly bullish territory without yet entering overbought conditions, so there is more room to maneuver. On the DMI, the +DI at 23.41 remained above the -DI at 16.23, so buyers still have the upper hand.
The gap has, however, narrowed slightly in recent sessions. Meanwhile, ADX near 15.89 indicates a trend is developing but is not strong enough to confirm a breakout.
The short-term bias leans in favor of ETH.
Final summary
- BitMine’s weekly purchase of 71,524 ETH is the largest since December 2025.
- Things are looking good for Ethereum, with whale wallets also returning to profits.
