BitMine Nears 4.5% Ethereum Supply Share Following $238M Buy
Bitmine has made its largest Ethereum (ETH) buy of the year during the recent market dip, reaffirming the firms bullish outlook on the leading altcoin and continued accumulation strategy. Bitmine Ramps Up Ethereum Purchases On Tuesday, Bitmine Immersion Technologies, the worlds largest Ethereum treasury, announced its largest purchase since December 2025, having acquired roughly $238 million in ETH over the past week. In its latest update, the company shared it purchased 111,942 ETH during the recent market pullback, which sent the King of Altcoins below $2,200. Bitmine‘s Chairman, Tom Lee, affirmed that last week’s correction represented “an attractive opportunity” to increase the companys holdings. “We continue to expect a supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agentic-AI. And thus, we continue to steadily acquire ETH, with Bitmine now owning nearly 5.4 million ETH tokens,” stated Lee. Now, the companys crypto and cash holdings have reached $12.3 billion at current prices, comprised of 5,390,404 ETH at $2,134 per token, 203 Bitcoin (BTC), a $200 million stake in Beast Industries, an $95 million stake in Eightco Holdings as part of its “Moonshots” initiative, and total cash worth $444 million. The latest buy has pushed BitMine‘s Ethereum holdings closer to









