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Bitmine Adds 32,447 ETH to Treasury; Holdings Rise to 5,847,611 ETH
Bitmine Immersion Technologies, the NYSE-listed firm led by Tom Lee, said it expanded its Ether treasury again last week, purchasing 32,447 ETH as the token rebounded after a prolonged slide.
In a Monday update, the company reported total holdings of 5,847,611 ETH, equal to about 4.8% of Ethereum's circulating supply. Bitmine said it has bought ETH every week since launching its Ethereum treasury strategy on June 30, 2025, extending the streak to roughly 14 months and putting the firm about 97% of the way toward its goal of owning 5% of the ETH supply.
Bitmine also said it is staking the bulk of its position. Of its Ether holdings, 5.07 million ETH is staked, representing around 87% of its total.
The disclosure comes as the rebound in ETH has begun to compress earlier mark-to-market losses. DropsTab data cited in the update shows Bitmine has invested more than $19.5 billion in its Ether treasury, while unrealized losses have narrowed to below $5 billion, down from more than $8.4 billion roughly a week earlier.
Bitmine shares started the week up about 8.7%. The stock has risen nearly 28% over the past six months.
Beyond crypto holdings, Bitmine reported combined crypto, cash, securities, and other investments of $14.9 billion.
The company's latest purchase coincided with a broader move in the market. Ether began outperforming Bitcoin starting last Wednesday after the U.S. Treasury announced plans to double monthly purchases of certain longer-dated U.S. Treasurys to $4 billion from $2 billion beginning next month, according to Cointelegraph's markets coverage. CoinMarketCap data referenced in the disclosure shows Ether gained more than 32% since that announcement, pushing above $2,500 for the first time since January.
With Bitmine nearing its 5% supply target while maintaining a heavy staking allocation, investors are likely to focus on whether weekly purchases continue at the same cadence if volatility returns, how much of the ETH position remains readily deployable versus locked in staking, and whether macro conditions tied to U.S. Treasury policy and liquidity keep supporting risk assets.
This article was originally published as "Bitmine Keeps 14-Month ETH Accumulation Pace as Ether Tops $2.5K" on Crypto Breaking News.