PRNewswire, PRNewswire, 22nd June 2026, Chainwire
Bitmine added 52,203 ETH, lifting holdings to 5.67 million ETH as Tom Lee reiterated long-term crypto optimism outlook.
Bitmine buys 52,203 ETH worth $92M, reaching 94% of its 5% supply target as BMNR tests a triple-tested demand zone near $16.
Leading Ethereum treasury firm BitMine inched closer to its goal of accumulating 5% of the ETH circulating supply.
Bitmine holds 5.6M ETH (4.7% supply) at $9.5B unrealized loss, funded by 9.50% preferred dividends. Leverage on depreciating asset creates systemic ETH risk: forced selling from margin calls or dividend pressure could significantly move the market.
Bitmine adds 52,203 ETH worth $92M to its treasury, bringing total holdings to 5.67 million tokens despite sitting on a $9.5B unrealized loss.