Bitmine Immersion Technologies (BMNR) acquired 101,627 Ethereum (ETH) tokens last week. This marked its largest weekly purchase of 2026.

The latest acquisition increased the company’s total ETH holdings to 4.976 million tokens. Its combined crypto and cash position reached $12.9 billion, according to the April 20 announcement.

The purchase was accompanied by a statement from Chairman Tom Lee arguing that the crypto downturn is closer to ending than most expect.

“While many believe the crypto winter may last through the Fall of 2026, our view remains that the crypto winter is much closer to ending,” he said.

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