Woofun AI reports that Bitmine Immersion Technologies (BMNR) accelerated its Ethereum accumulation strategy last week, purchasing 32,447 ETH valued at roughly $81 million based on Monday's price of $2,500. This aggressive buying spree, the most significant since early July, pushed the company's total holdings to 5,847,611 tokens, lifting BMNR shares by 3.5% in pre-market trading as ETH climbed past the $2,500 mark.

The firm's treasury now totals approximately $14.6 billion, representing roughly 4.8% of Ethereum's 120.7 million token supply. Per Woofun AI, the company has added ETH every week since launching its Ethereum treasury strategy in June 2025, despite easing pace as it approached its self-imposed goal of owning 5% of the supply. Reaching this 5% target requires about 6.04 million ETH, leaving Bitmine roughly 187,000 tokens short of its objective.

Market momentum appears to be strengthening, with ETH gaining about 30% over the past week. Chairman Tom Lee argues this mirrors historical precedents where such weekly gains signaled larger moves, noting subsequent rallies of 167% after July 2021 and 170% after May 2025. While historical patterns do not guarantee returns, Lee points to easier financial conditions, Wall Street's asset tokenization push, and potential blockchain use by AI agents as catalysts that could help ether gain ground against bitcoin.

Structurally, Bitmine has monetized the majority of its position through staking, locking up 5.07 million ETH, which constitutes about 87% of its holdings. This strategy projects roughly $330 million in annualized staking revenue at current yields. This marks a decisive shift from passive holding to active yield generation within the corporate treasury model.