Ethereum · BitMine Immersion Technologies · AI Agent · Bitcoin · CoinDesk
In an announcement Monday, the company led by Chairman Tom Lee said it bought another 9,926 ETH last week
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Bitmine, which trades under the ticker BMNR, now holds 4.8% of ETH’s total supply with its tokens worth about $11 billion at the current price of $1,904.
Key facts
- Combined CEX volumes fell 23.9% to $3.76T in July, the lowest since November 2023, as DEX spot market share climbed to a record 19.5% and RWA perps hit $460B
- Bitmine, which trades under the ticker BMNR, now holds 4.8% of ETH’s total supply with its tokens worth about $11 billion at the current price of $1,904
- ETH is up about 1.6% over the past 24 hours while BMNR is trading more than 2% higher today
- The company also bought an additional 1.7 million shares of its own stock last week, now owning 20.8 million shares under a previously authorized $4 billion buyback program
Summary
Bitmine bought another 9,926 ETH last week, bringing its holdings to 5.815 million ETH worth about $11 billion. The Tom Lee-led company now owns about 4.8% of Ethereum’s total supply, nearing its stated goal of 5%. Lee expects tokenization, AI-agent applications and easing financial conditions to support demand for Ethereum and the broader crypto market. Ethereum treasury company Bitmine Immersion added more of the token to its balance sheet, bringing its total holdings up to 5.815 million tokens. In an announcement Monday, the company led by Chairman Tom Lee said it bought another 9,926 ETH last week, continuing its streak of weekly buys that began in June 2025 when the company launched.