Ethereum Price Prediction: Bitmine Buys 28,086 ETH as ETH Whales Load Up Pepeto for a 300x Run

The ethereum price prediction conversation shifted this week, and most people have not caught up. Bitmine bought 28,086 ETH last week, worth about $70 million, pushing its total to 5.93 million ETH according to decrypt. That is 4.9% of every ETH that exists.

Chairman Tom Lee called ETH the best major asset of Q3 2026, beating the S&P 500 by 54 points.  Amid that buying, one ETH based presale keeps surfacing wherever ETH holders compare notes: Pepeto, now past $10.9 million raised.

The question is not whether ETH goes higher from here. It is whether the coins built on ETH move first, and who is in when they do. What Does Bitmine’s $70 Million ETH Buy Mean for the Ethereum Price Prediction?

Bitmine has bought ETH every week since June 2025, per its September 8 update according to Coingape. The latest buy of 28,086 coins brought the total to 5.93 million ETH, valued at $14.8 billion.