Bitmine Immersion Technologies bought 9,587 ETH, raising its reserve to 6,070,092 ETH, worth approximately $13.6 billion and 4.97% of Ethereum’s total supply. The company is now 99% of the way toward its goal of owning 5% of the network, reached in just 15 months, and has bought Ethereum every week since June 30, 2025. Chairman Tom Lee seized on Ethereum co-founder Vitalik Buterin’s statement that ETH is both a store of value and money, calling it a “seismic shift.” Including 216 BTC, $475 million in cash and marketable securities, and other investments, Bitmine reported total holdings of $14.3 billion and remains the largest Ethereum treasury, behind Strategy among crypto treasuries overall.
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