Bitmine Immersion Technologies (NYSE:BMNR) bought 53,501 Ethereum (CRYPTO: ETH) last week for approximately $131 million, its largest weekly purchase since June.
What the Latest Purchase Shows
According to a Bitmine press release Monday, the company now holds 5,901,112 ETH worth approximately $14.5 billion at current prices, representing 4.9% of Ethereum’s total supply of 120.7 million tokens.
The company needs approximately 134,000 additional ETH to reach its 5% ownership target.
Bitmine has purchased Ethereum for 65 consecutive weeks since launching its treasury strategy in June 2025.
