Bitmine Extends Ether Buying Streak to 14 Months Amid Market Rally

Bitmine Immersion Technologies has continued its aggressive accumulation of Ether (ETH) as the cryptocurrency staged a sharp breakout above $2,500. The company purchased 32,447 ETH last week, bringing its total holdings to 5,847,611 ETH, which represents approximately 4.8% of Ethereum's circulating supply.

This marks the 14th consecutive month that Bitmine has been buying Ether since launching its Ethereum treasury strategy on June 30, 2025. The company is now 97% of the way toward its goal of owning 5% of the ETH supply.

Bitmine's NYSE-traded shares were up about 8.7% to open the week, following a significant rally in the cryptocurrency market. Ether has outperformed Bitcoin since last Wednesday, when the US Treasury announced plans to double its monthly purchases of certain longer-dated US Treasurys.