Bitmine Immersion (BMNR), the most important Ethereum treasury firm, purchased 10,399 ether ($ETH) throughout final week as Chairman Tom Lee pointed to ether’s strongest month-to-month efficiency towards the Nasdaq in a yr as proof that crypto is recovering.
The acquisition, value roughly $19.1 million at $ETH’s present worth of $1,840, lifted Bitmine’s holdings to nearly 5.8 million $ETH, or about 4.8% of Ethereum’s circulating provide, in accordance with the corporate’s Monday replace.
The most recent acquisition was broadly according to the earlier week’s 9,946 $ETH buy, extending Bitmine’s streak of weekly ether buys since adopting its Ethereum treasury technique in June 2025.
The corporate additionally purchased again 4.5 million shares of its widespread inventory, bringing whole current repurchases to 16 million shares.
The replace comes as Technique (MSTR), the most important company bitcoin holder, disclosed one other sale of bitcoin. The corporate trimmed its treasury by 1,638 BTC, value about $105 million, whereas repurchasing $81.2 million of its STRC most well-liked inventory. Technique additionally raised $290 million by gross sales of widespread shares.
Lee tied the corporate’s outlook to ether’s relative energy towards know-how shares.
