Bitmine Doubles Down on Ethereum, Purchases $19 Million Worth of Ether

Tom Lee's Bitmine Immersion (BMNR) continues to bet big on Ethereum. The largest Ethereum treasury company has added more ether to its portfolio, purchasing 10,399 units worth approximately $19.1 million at current prices.

The latest acquisition brings Bitmine's total ether holdings to almost 5.8 million, representing about 4.8% of the circulating supply. This is part of a streak that began in June 2025 when the company adopted its Ethereum treasury strategy.

Bitmine also bought back 4.5 million shares of common stock last week, which follows a previous repurchase of 11.5 million shares. The move comes as Strategy (MSTR), another major corporate bitcoin holder, disclosed a sale of some of its BTC holdings and preferred stock.