The company bought 126,971 ETH last week, worth roughly $214 million at current prices, despite chairman Tom Lee's earlier calls to slow purchases.

BitMine is borrowing from Strategy’s Bitcoin playbook, debuting its own preferred share in an upsized offering to raise funds to buy Ethereum.

BitMine Immersion (NYSE:BMNR) stock continued its strong downward trend and dropped below a key make-or-break level as its unrealized losses accelerated.

PRNewswire, PRNewswire, 8th June 2026, Chainwire

The company bought 126,971 ETH last week, worth roughly $214 million at current prices, despite chairman Tom Lee's earlier calls to slow purchases.

Bitmine leverages market dip for Ethereum accumulation strategy, reaching 92% of its target and holding 4.59% of ETH's supply.

Leading Ethereum treasury firm BitMine Immersion Technologies bought the dip, making its largest weekly ETH purchase so far this year.

Bitmine holds 5.54M ETH worth $9B+, staking 4.7M tokens at $270M projected annual yield as Tom Lee targets 5% of supply.

Bitmine purchased 126,971 ETH for about $207M, lifting its treasury to 5.54M tokens worth $9B as ether trades near 30% below its April highs.

Bitmine Immersion (NYSE:BMNR) made its largest weekly Ethereum

BitMine buys 126,971 ETH for $207M at $1,630 avg, its biggest 2026 weekly haul, bringing total to 5.54M ETH (4.59% of supply).

Bitmine increased its Ether treasury to 5.54 million ETH and now controls 4.59% of Ethereum's supply, while more than 4.7 million ETH remains staked.

Bitmine buys $213.5M in Ethereum, boosting market confidence. Ethereum reaching $2,400 by June 2026 at 0.1% YES.

Bitmine ha compiuto un acquisto Ethereum da parte di Tom Lee e Bitmine da oltre 213 milioni di dollari, segnando una nuova tappa nell’interesse istituzionale verso l’asset…

Acquisto Ethereum da parte di Tom Lee e Bitmine: oltre 213 milioni investiti. Scopri l'impatto sul mercato e la nuova strategia di accumulo ETH.

Bitmine Immersion Technologies purchased 75,000 ETH worth $123 million from Kraken and FalconX, pushing its treasury past 5% of total Ethereum supply.

Tom Lee's Bitmine bought 75,000 ETH for $123M on June 9, pushing its treasury past 5.4 million ether as it chases a 5% supply target.

The firm continues to buy ETH at an accelerated pace despite a reported paper loss of nearly $10 billion on its holdings.

Bitmine Immersion Technologies acquired 25,000 ETH for $41M, part of 125,000 ETH purchased in three days. The firm now holds 5.54M ETH, nearly 5% of supply.