Bitmine Buys $81M in ETH, Lifting Holdings to 5.85 Million
TL;DR
- ETH Accumulation: Bitmine increased its weekly buying pace with a 32,447 ETH purchase worth $81 million, pushing its treasury to 5.85 million tokens and reinforcing its long-running accumulation strategy.
- Market Momentum: Bitmine’s holdings now equal 4.8% of Ethereum’s supply as ETH jumps about 30% in a week, with Tom Lee pointing to past rallies where similar gains preceded major multi-month appreciation.
- Staking Revenue: Bitmine has staked 5.07 million ETH, or roughly 87% of its treasury, projecting about $330 million in annualized revenue at current yields while advancing toward its 5% supply target.
Bitmine Immersion Technologies accelerated its Ether accumulation last week, adding 32,447 ETH to its growing crypto treasury after several weeks of slower activity. The purchase, valued at about $81 million at Monday’s ETH price of $2,500, pushed its holdings to 5,847,611 tokens and reinforced the company’s long-running strategy of weekly accumulation.
ETH Buying Pace Rebounds as Market Strengthens
The latest move comes as ETH climbs past $2,500, helping lift BMNR by 3.5% in pre‑market trading. The Tom Lee‑chaired company had eased its buying in recent months while approaching its goal of owning 5% of Ethereum’s supply. Despite the slowdown, Bitmine has continued purchasing ETH every week since launching its treasury strategy in June 2025.
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