Bitmine Immersion (NYSE:BMNR) bought 52,203 Ethereum (CRYPTO: ETH) worth $92 million last week, pushing total holdings to 5.67 million ETH as the stock tests key support near $16.
Bitmine Is 94% Of The Way To Its 5% ETH Supply Goal
The latest purchase was smaller than the previous two weeks, but Chairman Tom Lee said the company is maintaining a steady accumulation pace as it closes in on its long-standing target of owning 5% of Ethereum’s total supply.
Bitmine’s stack now represents 4.7% of the 120.7 million ETH in circulation, worth nearly $10 billion.
“We continue to maintain a steady pace of accumulation throughout 2026,” Lee said.
