Bitmine Immersion Technologies (NYSE: $BMNR) increased its purchase of Ethereum (CRYPTO: $ETH) over the past week even as the cryptocurrency’s price rallied 34%.
The largest Ethereum treasury company made its biggest purchase of Ethereum since early July over the last week, acquiring an additional 32,447 ETH at a cost of $81 million U.S
Bitmine now owns 5,847,611 Ethereum tokens valued at $14.6 billion U.S. based on the current price of $2,505 U.S. More From Cryptoprowl: The accelerated purchases come after Bitmine, led by Chairman Tom Lee, had decreased its buying in recent months. Bitmine is close to its stated goal of owning 5% of Ethereum’s circulating supply.
The company has added ETH every week since launching its Ethereum treasury strategy in June 2025. Its holdings now account for roughly 4.8% of Ethereum’s total supply of 120.7 million tokens. Hitting the 5% target would require Bitmine to buy an additional 6.04 million Ethereum, leaving the company 187,000 tokens short of its self-imposed goal.