BitMine Immersion Technologies · Ethereum · Michael Saylor · CoinDesk
Bitmine slows ether purchase pace, buying $53 million worth last week
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Bitmine Immersion (BMNR), the largest publicly-traded Ethereum treasury firm, bought 26,497 ether (ETH) last week, sharply reducing the pace of accumulation after making its largest purchase of 2026 a week earlier.
Key facts
- The latest acquisition, worth roughly $53 million at current ETH prices, lifted Bitmine's holdings to nearly 5.42 million tokens, or approximately 4.49% of ether's circulating supply, according
- Bitmine Immersion (BMNR), the largest publicly-traded Ethereum treasury firm, bought 26,497 ether (ETH) last week, sharply reducing the pace of accumulation after making its largest purchase of 2026
- Bitmine's total crypto and cash holdings stood at $11.6 billion as of May 31
- Even Michael Saylor's bitcoin juggernaut Strategy (MSTR) sold $2.5 million bitcoin last week
Summary
Bitmine purchased 26,497 ETH last week, worth about $53 million at current prices. The purchase pace slowed sharply from the prior week's 120,000 ETH acquisition. The firm now holds 5.42 million ETH, or 4.49% of Ethereum's circulating supply. The latest acquisition, worth roughly $53 million at current ETH prices, lifted Bitmine's holdings to nearly 5.42 million tokens, or approximately 4.49% of ether's circulating supply, according to a Monday company update.