Bitmine Immersion Technologies purchased 32,447 ETH last week, bringing its total holdings to 5,847,611 ETH, representing approximately 4.8% of Ethereum’s circulating supply. The company is now 97% toward its stated goal of owning 5% of ETH supply, having acquired Ether every week since launching its Ethereum treasury strategy on June 30, 2025. It has also staked 5.07 million ETH, representing approximately 87% of its holdings, with combined investments totaling $14.9 billion. Unrealized losses on its ETH holdings have narrowed to below $5 billion from over $8.4 billion approximately one week ago, thanks to the market rebound.
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