Key facts
- Bitmine Immersion Technologies purchased 32,447 ETH last week, valued at approximately $79 million.
- The company's total ETH holdings have increased to 5,847,611 ETH.
- Bitmine now controls 4.8% of all Ethereum coins, nearing its 5% accumulation goal.
- Ether's price has gained over 30% in the past week, surpassing $2,440.
- Bitmine has staked 5,067,309 ETH, representing 87% of its total holdings.
- BMNR stock traded up 6.31% to $24.27 following the announcement.
Bitmine Immersion Technologies has acquired an additional 32,447 Ether, valued at approximately $79 million, as the cryptocurrency's price surged past $2,440. This latest purchase brings the company's total Ethereum holdings to 5,847,611 ETH, representing 4.8% of the total supply and moving it closer to its goal of controlling 5% of all Ether. The company's chairman, Tom Lee, noted that Ether has gained over 30% in the past week, its largest weekly gain since May 2025. Lee expressed optimism about easing financial conditions and the growing attention to blockchain tokenization and agentic AI as tailwinds for crypto. Bitmine has also staked 5,067,309 ETH, or 87% of its holdings. The company's stock, BMNR, saw a 6.31% increase following the announcement.