Key HighlightsBitMine executed a 6.1 million share buyback last week, elevating July’s cumulative repurchase to 11.6 million sharesThe firm acquired 9,946 ETH, expanding its aggregate holdings to 5.787 million ETH—approximately 4.8% of the circulating supplyChairman Thomas Lee of BitMine highlighted that the ETH/BTC ratio reached a 3-month peak at 0.300Ethereum currently trades near $1,950, approaching a 10-week peak, with critical resistance levels at $2,000 and $2,500US spot Ethereum ETFs recorded $103.9 million in net inflows last week, continuing a three-week positive streakBitMine Immersion Technologies (BMNR) significantly bolstered its Ethereum reserves with an acquisition of nearly 10,000 tokens last week, simultaneously accelerating its share repurchase initiative to unprecedented levels.BitMine Adds 9,946 ETH, Holdings Reach 5.79M ETH BitMine said it acquired 9,946 ETH over the past week, bringing total holdings to 5,787,414 ETH, or about 4.8% of the circulating supply. The company has staked 4,917,189 ETH, representing roughly 85% of its holdings, and… pic.twitter.com/LampvefINm— Wu Blockchain (@WuBlockchain) July 27, 2026The Nevada-based enterprise acquired 9,946 ETH, elevating its cumulative position to 5.787 million ETH. Concurrently, the company repurchased 6.1 million common shares during the week, adding to the previous week’s 5.5 million share buyback. July’s aggregate repurchases now total 11.6 million shares under a previously sanctioned $4 billion authorization.Thomas Lee, BitMine’s Chairman, characterized this as the most substantial common stock repurchase ever conducted by any digital asset treasury company focusing on ETH or Bitcoin.Market analyst Ted Pillows observed on X that consistent spot purchasing activity for $ETH has persisted throughout July, remarking that “dips are getting bought and support zones are being defended.” He characterized this price behavior as an encouraging indicator for Ethereum’s short-term trajectory.Consistent spot bidding for $ETH this entire month.Dips are getting bought and support zones are being defended.This is good. pic.twitter.com/3GF5XNLnxv— Ted (@TedPillows) July 27, 2026Ethereum Demonstrates Strength Against BitcoinEthereum appreciated approximately 2.4% during the previous seven-day period while Bitcoin declined roughly 0.7%, based on CoinGecko analytics. The ETH/BTC trading pair reached a 3-month zenith of 0.300, a threshold Lee identified as evidence of accumulating bullish momentum.Ethereum (ETH) PriceLee emphasized that Ethereum valuations have climbed to a 10-week summit and identified critical breakout levels at $2,000 and $2,500.Approximately 4.917 million ETH from BitMine’s portfolio—representing roughly 85%—is currently staked via its Made in America Validator Network (MAVAN). The corporation anticipates annualized staking returns approaching $299 million upon complete deployment of all holdings.BitMine’s comprehensive cryptocurrency reserves, cash positions, and marketable securities totaled $11.8 billion as of July 26. The organization additionally maintains a $180 million position in Beast Industries, $61 million worth of Eightco Holdings equity, and 208 Bitcoin.US Ethereum ETFs Record Third Consecutive Week of Positive FlowsAmerican spot Ethereum ETFs captured $103.9 million in net inflows during the previous week, according to SoSoValue analytics. Aggregate net assets for these investment vehicles have surpassed $10 billion, representing a third successive week of positive capital flows.From a technical perspective, Ethereum rebounded from the 20- and 50-day exponential moving averages at $1,862 and $1,842 during the weekend before challenging the 100-day EMA positioned at $1,937. The 14-day Relative Strength Index currently registers near 63, while the Stochastic Oscillator hovers around 85.Ethereum encounters immediate resistance in the $1,950 zone. A confirmed daily close exceeding $2,018 and $2,107 would establish a pathway toward $2,211, with subsequent objectives at $2,388 and $2,746. Initial support is established at $1,909.The ETH/USDT trading pair experienced $142 million in liquidations during the past 24 hours, predominantly fueled by $104.2 million in short position liquidations, according to Coinglass metrics.The post Ethereum (ETH) Price Surges to 10-Week Peak as BitMine Acquires 10,000 ETH appeared first on Blockonomi.