Key facts
- Bitmine Immersion Technologies acquired 53,501 ETH, bringing its total holdings to 5,901,112 ETH.
- The company has consistently purchased ETH weekly for 65 consecutive weeks.
- Bitmine now holds 4.9% of Ethereum's circulating supply.
- The company's Ether holdings are valued at approximately $14.8 billion.
- Bitmine holds 211 Bitcoin and has a total treasury value of $15.6 billion.
Bitmine Immersion Technologies has extended its Ether buying streak to 65 consecutive weeks, adding 53,501 ETH last week. This purchase brought the company's holdings to over 5.9 million ETH, valued at approximately $14.8 billion, representing 4.9% of Ethereum's total circulating supply. Despite accumulating roughly $5.1 billion in unrealized losses due to sustained buying through a market downturn, Bitmine's chairman, Tom Lee, highlighted Ether's strong performance against other macro assets. The company also holds 211 Bitcoin and has a total treasury value of $15.6 billion, with a significant portion of its ETH staked for projected annual revenue.