Tom Lee’s Bitmine Keeps Buying Ethereum, Treasury Nears 5.8 Million ETH

There's an evident decline in the number of tokens the company has bought lately. The Tom Lee-chaired Bitmine Immersion Technologies continues to expand its Ethereum treasury, adding almost 10,000 ETH over the past week. This purchase was slightly larger than the one from the previous week, but it’s still significantly lower than many completed just a month ago. Recall that the former BTC miner bought over 52,000 ETH in June. Another 9,946 ETH Scooped The press release shared by the company outlined the impressive streak, noting that the firm has acquired some portion of ETH for well over a year. In fact, this accumulation spree began when it launched the Ethereum Treasury Strategy on June 30, 2025, and has continued to this day. The purchase of the 9,946 ETH in the past week brought Bitmine’s total holdings to 5,787,414 ETH, worth well over $11 billion at current prices. However, it still remains deep in the red since its average buying price is nearly twice as high. Bitmine said it continues with its main goal to bring its total stash to 5% of Ethereum’s total supply. It has now come to less than 0.2% of that target, but it keeps demonstrating that the firm remains committed to a...