Bitmine Amasses $81M More Ethereum Amid Crypto Market Boom

Bitmine Immersion Technologies has purchased another $81 million worth of Ethereum (ETH), bringing its total holdings to 5.85 million ETH, representing about 4.8% of the supply.

This purchase comes amid a surge in interest and excitement in the crypto market, with the price of Ethereum up over 30% in the last week, outperforming even Bitcoin's gains.

According to Tom Lee, Chairman of Bitmine, this is the largest weekly gain since May 2025, prior to that it was July 2021. He noted that easing financial conditions, White House support for crypto, and Treasury purchases of long-term bonds have improved investors' appetite for risk.