Bitmine Buys 53,501 ETH in Largest Weekly Purchase Since June

Bitmine Immersion Technologies (BMNR) has significantly ramped up its Ethereum (ETH) purchases, acquiring 53,501 tokens worth approximately $131.3 million last week.

This marks the company's largest weekly purchase since June and brings its total ETH holdings to 5,901,112 tokens, equivalent to about 4.9% of Ethereum's total supply.

The company now holds a substantial stash of cryptocurrency, with $14.5 billion in value based on current prices. This includes not only the purchased ETH but also 211 Bitcoin and significant stakes in other companies such as Beast Industries and Eightco Holdings (ORBS).