Bitmine Immersion Technologies transferred approximately 9,600 ETH to Coinbase Prime hot wallets on Tuesday in two separate transactions, sending 5,300 ETH worth $10.75 million and 4,308 ETH worth $8.74 million through an intermediary wallet. The transactions occurred after Bitmine’s largest weekly ether purchase of 2026, totaling 60,976 ETH, which raised its holdings above 4.5 million tokens. Chairman Thomas Lee stated that crypto is in the late stages of a 'mini-crypto winter.' Bitmine’s portfolio has declined from $16 billion in October 2024 to $2.25 billion, reflecting ether’s price drop rather than large-scale selling. ETH traded at $2,042, up 2.8% on the day.