BitMine Immersion Technologies · Ethereum · South Korea · CoinDesk
Bitmine has now bought ETH for 65 consecutive weeks since launching its Ethereum treasury strategy in June 2025
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The company has also staked about 5.07 million ETH, or 86% of its holdings.
Key facts
- The purchase, worth about $131.3 million at Monday’s ether price of $2,455, followed the previous week’s 32,447 ETH haul and lifted Bitmine’s holdings to 5,901,112 ETH
- Bitmine Immersion Technologies BMNR $ 24.11 ramped up its ether purchases for a second straight week, buying 53,501 ether ETH $ 2,451.27 as Chairman Tom Lee pointed to the cryptocurrency’s strong
- Bitmine has now bought ETH for 65 consecutive weeks since launching its Ethereum treasury strategy in June 2025
- The company has also staked about 5.07 million ETH, or 86% of its holdings
Summary
Bitmine bought 53,501 ETH last week, worth about $131.3 million at Monday’s ether price of $2,455. The purchase lifted its holdings to 5.90 million ETH, or about 4.9% of Ethereum’s supply, putting its 5% target within reach. Chairman Tom Lee said ether has outperformed the S&P 500 this quarter, which he expects could draw more institutional demand. Bitmine Immersion Technologies BMNR $ 24.11 ramped up its ether purchases for a second straight week, buying 53,501 ether ETH $ 2,451.27 as Chairman Tom Lee pointed to the cryptocurrency’s strong third-quarter performance could pull in institutional investors. The purchase, worth about $131.3 million at Monday’s ether price of $2,455, followed the previous week’s 32,447 ETH haul and lifted Bitmine’s holdings to 5,901,112 ETH.