Bitmine Buys $131 Million Worth of Ethereum Amid Strong Market Performance

Bitmine Immersion Technologies (NYSE:BMNR) made its largest weekly Ethereum purchase in June, buying 53,501 ETH for approximately $131 million last week.

The company now holds 5,901,112 ETH worth around $14.5 billion at current prices, representing about 4.9% of Ethereum's total supply of 120.7 million tokens.

Bitmine needs to acquire an additional 134,000 ETH to reach its 5% ownership target and has been purchasing Ethereum for 65 consecutive weeks since launching its treasury strategy in June 2025.