Crypto
BitMine Boosts Ethereum Holdings for 65th Consecutive Week
BitMine Immersion Technologies has added to its Ethereum holdings for the 65th consecutive week, buying an additional 53,501 tokens. The purchase was made at a price of $2,511 per ETH, bringing the total value of their holdings to approximately $14.8 billion.
The company now holds 5,901,112 Ethereum tokens, which represents roughly 4.9% of the total supply of 120.7 million tokens.
Chairman Tom Lee stated that BitMine's strategy began on June 30, 2025, and has continued every week since then, with no signs of stopping.
The company has also staked 5,067,309 ETH through its institutional staking platform, MAVAN, which it launched earlier in 2026. This represents about 86% of their total Ethereum holdings.