Ethereum, BMNR news: Bitmine buys 26K ether (ETH) after Tom Lee said to slow down accumulation
Bitmine Immersion Technologies (BMNR) has sharply slowed its ether (ETH) purchase pace as Chairman Tom Lee signaled, following months of aggressive buying that made it the worlds largest Ethereum treasury company. The firm bought 26,659 ether last week, worth about $63 million based on ether‘s current price. That’s roughly a quarter of the average weekly haul it purchased over the past weeks. The purchase lifted Bitmine‘s holdings to over 5.2 million ETH, or around 4.31% of ether’s circulating supply, according to a Monday company update. The update follows comments Lee made last week at Consensus 2026 in Miami, where he said BitMine may begin moderating its buying pace after one of the fastest accumulation runs in the crypto market. The slowdown follows comments Tom Lee made last week at Consensus 2026 in Miami, where he said Bitmine was considering easing purchases as it approached its long-term goal of acquiring 5% of Ethereums supply. “We have decided to slow down our pace of weekly accumulation from over 100,000 [ETH] per week,” Lee said in Mondays statement. “Our previous pace of buys would have us reach 5% by mid-July.” Bitmine remains one of the few major digital asset treasury firms still consistently buying crypto during the recent market