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

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

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.