Bitmine purchased an additional 27,084 ETH last week, bringing its holdings to 5.7 million ETH
2026-06-29 12:58
Odaily Planet Daily News: Bitmine Immersion Technologies purchased 27,084 ETH for approximately $43 million last week, increasing its holdings to 5.7 million ETH, representing approximately 4.7% of Ethereum's circulating supply.
The company currently controls approximately $9.8 billion in crypto assets, cash, and investments, and is approaching its target of holding 5% of all ETH, though the pace of recent purchases has slowed. Chairman Thomas Lee attributed the recent weakness in crypto prices to "window dressing" at the end of the quarter.
The company currently controls approximately $9.8 billion in crypto assets, cash, and investments, and is approaching its target of holding 5% of all ETH, though the pace of recent purchases has slowed. Chairman Thomas Lee attributed the recent weakness in crypto prices to "window dressing" at the end of the quarter.
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