BitMine Buys Another $70M Ethereum, Closes in on 5% Supply Goal

BitMine Immersion Technologies has continued its Ethereum buying spree, acquiring another $70 million worth of ETH in the past week.

The company now holds a total of 28,086 ETH and is close to reaching its goal of holding 5% of the network's supply.

Chairman Tom Lee remains bullish on the future of ETH price after the recent rally, highlighting multiple positive catalysts for the market as it heads into the final months of 2026.

These include upcoming voting on the CLARITY Act in mid-September and rising investor enthusiasm for cryptocurrencies in South Korea.