Ethereum · CLARITY Act · US Senate · CoinDesk
Bitmine’s ETH buying slows as Tom Lee's company shifts capital to share buybacks
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Bitmine Immersion (BMNR), the largest Ethereum treasury firm, bought another 7,391 ether ETH $ 1.879,04 last week.
Key facts
- The purchase, worth roughly $14.2 million at ether’s price as of writing of $1,915, lifted the company’s holdings to over 5.8 million ETH, or about 4.8% of Ethereum’s total supply
- Bitmine Immersion (BMNR), the largest Ethereum treasury firm, bought another 7,391 ether ETH $ 1.879,04 last week
- Bitmine also holds 209 BTC, $104 million in cash and marketable securities and stakes in Beast Industries and Eightco Holdings
- It repurchased another 3 million shares last week, which would have cost roughly $50 million to $58 million based on the stock’s trading range during the period
Summary
Ethereum treasury firm Bitmine (BMNR) bought 7,391 ether (ETH) last week, its smallest weekly haul in 2026. The firm shifted more capital toward its own stock, repurchasing 3 million shares worth an estimated $50 million-$58 million. Tom Lee pointed to softer inflation and jobs data as a potential tailwind for crypto, despite the latest delay to the CLARITY Act. The purchase, worth roughly $14.2 million at ether’s price as of writing of $1,915, lifted the company’s holdings to over 5.8 million ETH, or about 4.8% of Ethereum’s total supply.