Bitmine’s Ethereum purchase nears 5% ownership threshold amid ETH’s 30% surge
Bitmine Immersion Technologies just made its biggest bet on Ethereum in weeks, and the scale of the move says almost as much as the price tag attached to it. The latest Bitmine Ethereum purchase — 32,447 ETH worth roughly $81.2 million — marks the company’s largest single-week addition since early July, according to CoinDesk. It lands at a moment when ether itself is roaring back, up about 30% over the past seven days, and when Bitmine’s long-stated goal of owning a meaningful slice of the entire Ethereum network is finally within arm’s reach.
Key takeaways
- Bitmine bought 32,447 ETH last week, worth about $81.2 million — its largest weekly purchase since early July.
- The firm now holds nearly 5.85 million ETH, valued at roughly $14.6 billion.
- Bitmine controls about 4.8% of Ethereum’s 120.7 million token supply and needs roughly 187,000 more ETH to reach its 5% ownership goal.
- ETH jumped about 30% in a week, a rally Tom Lee compares to moves that preceded 167% and 170% gains in 2021 and 2025.
- Bitmine has staked 5.07 million ETH — about 87% of its holdings — projecting roughly $330 million in annual staking revenue.
Bitmine’s Largest ETH Purchase Since Early July
Bitmine’s latest Ethereum purchase adds up to 32,447 ETH picked up over a single week, its biggest weekly haul since early July, following several weeks of far more modest additions to its crypto treasury. At Monday’s ETH price near $2,500, that buy carried a value of about $81.2 million, according to CoinDesk. Shares of Bitmine, which trades under the ticker BMNR, rose roughly 3.5% in pre-market trading as ether pushed back above $2,500.
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