Bitmine Snaps Up Another 32,447 Ether as Price Breaks $2,500

Bitmine Immersion Technologies has continued its aggressive accumulation of Ether (ETH) as the cryptocurrency price broke above $2,500 for the first time since January. The company purchased 32,447 ETH last week, bringing its total holdings to 5,847,611 ETH, which represents roughly 4.8% of Ethereum's circulating supply.

This purchase is part of Bitmine's Ethereum treasury strategy, which was launched on June 30, 2025. The company has been buying Ether every week for the past 14 months, with its NYSE-traded shares up about 8.7% to open the week.

Bitmine is now 97% of the way toward its stated goal of owning 5% of the ETH supply and has staked 5.07 million ETH, representing about 87% of its holdings. The company's combined crypto, cash, securities, and other investments total $14.9 billion.