BitMine Immersion Applied sciences (BMNR), the most important Ethereum-focused treasury firm, continued its buy streak after elevating contemporary capital by means of a most well-liked inventory sale.
The agency acquired 76,881 ether ($ETH) over the previous week, price roughly $136 million based mostly on $ETH‘s present value, lifting Bitmine’s treasury to five.62 million $ETH.
The corporate additionally held 204 bitcoin, $502 million in money and marketable securities and stakes in Beast Industries and Eightco Holdings, bringing whole crypto, money and funding holdings to $10.4 billion.
The most recent buy was smaller than the earlier week’s 126,971 $ETH acquisition, its largest weekly haul of 2026. Nonetheless, it suggests the corporate stays dedicated to accumulating $ETH regardless of Lee’s feedback final month about slowing purchases because the agency neared its aim of proudly owning 5% of Ethereum’s provide.
“We’re sustaining a considerably elevated tempo of shopping for as we imagine this pullback in $ETH costs doesn’t mirror the strengthening of Ethereum fundamentals,” Bitmine Chairman Thomas Lee stated.
Bitmine’s most well-liked fairness debut
The acquisition comes on the heels of elevating $274 million by issuing most well-liked fairness that provides 9.5% annualized dividend. The transfer resembles financing instruments pioneered by bitcoin treasury agency Technique (MSTR), which have more and more turned to most well-liked fairness and different yield-bearing securities to fund crypto purchases.
