Bitmine Immersion (BMNR), the Ethereum treasury agency helmed by chairman Tom Lee, ramped up purchases once more, making its largest haul since December.
The corporate stated Monday it purchased 111,942 ether ($ETH) final week, price round $237 million at present costs. That lifted the agency’s holdings to nearly 5.4 million $ETH, about 4.47% of Ethereum’s circulating provide.
The acquisition marks a renewed acceleration in Bitmine’s shopping for tempo after Lee stated earlier in Might at Consensus 2026 in Miami that the corporate deliberate to sluggish weekly accumulation. The shift occurred because the agency goals to reap the benefits of $ETH sliding from $2,400 in early Might and April to close $2,100.
“We proceed to steadily purchase $ETH,” Lee stated within the assertion. “We view the current pullback of $ETH to under $2,200 as a pretty alternative.”
Lee added that the agency is anticipated to achieve its objective to nook 5% of ether’s provide later in 2026.
Bitmine’s complete crypto and money holdings stand at $12.3 billion, in line with the report. The corporate additionally holds 203 bitcoin, $444 million in money and fairness stakes together with investments in Beast Industries and Eightco Holdings.
The agency stated it has staked greater than 4.7 million $ETH — about 87% of its holdings — producing roughly $276 million in annualized staking income.
