Bitmine Halts ETH Buys After 26,659-Token Week, Lee Bullish Amid Quiet Wallets at $2,310

Bitmine Immersion Technologies has paused Ethereum purchases after adding 26,659 ETH last week, confirming a sharp slowdown from prior 100,000 ETH weekly peaks and leaving traders uncertain as wallet activity goes quiet. The firm now holds 5,206,790 ETH (4.31% of 120.7M supply, ~$12.3B at $2,310/ETH), with 4,712,917 ETH staked via MAVAN yielding $319M annualized ($352M projected fully staked) and total assets at $13.4B including 201 BTC and $775M cash. Chairman Tom Lee remains optimistic, declaring a 'crypto spring,' ETH as a 'wartime store of value' up 19% since Iran conflict, and noting its recent $61M buy outpaced Saylor's BTC purchase.