Bitmine Acquires Additional $68 Million in Ethereum
Bitmine Immersion Technologies (NYSE: BMNR) has purchased an additional $68 million worth of Ethereum, acquiring 27,180 ETH at an average price just over $2,500. This purchase brings the company closer to its goal of owning 5% of Ethereum's circulating supply. The company now holds a total of 5,956,378 ETH out of a global circulation of approximately 122 million tokens and needs an additional 144,000 ETH to reach the target. Bitmine has been consistently buying Ethereum since launching its crypto treasury strategy in June 2025. Bitmine's Chairman Tom Lee highlighted improving relative strength for Ethereum against Bitcoin as a bullish sign. He also noted that a U.S. Senate vote on the Clarity Act, scheduled for September 15, could serve as a positive catalyst for digital assets.
Tickers: $BMNR
Topics: Bitmine Immersion Technologies Cryptocurrency Purchases Ethereum