Bitmine hits 89% of its Ethereum ownership goal, controlling 5.39M ETH. Aiming for "Alchemy of 5%" threshold by 2026.

PRNewswire, PRNewswire, 26th May 2026, Chainwire

"We view the recent pullback of ETH to below $2,200 as an attractive opportunity," Bitmine Chairman Tom Lee said.

BitMine Immersion Technologies made its largest Ethereum acquisition yet this year—just weeks after saying it might slow down its ETH buys.

Bitmine hits 89% of its Ethereum ownership goal, controlling 5.39M ETH. Aiming for "Alchemy of 5%" threshold by 2026.

BitMine Immersion Technologies Inc. (NASDAQ:BMNR) purchased 111,942 Ethereum