Bitmine Immersion

Bitmine bought 7,391 ETH last week, its smallest weekly Ethereum purchase of the year, while increasing attention on share repurchases. Chairman Tom Lee said softer inflation and jobs data could support crypto despite the CLARITY Act missing a Senate vote before the August recess.

Bitmine Immersion added 10,399 ether last week, extending its weekly buying streak under an Ethereum treasury strategy launched in June 2025. Chairman Tom Lee said ether’s July outperformance against the Nasdaq 100 points to strengthening crypto fundamentals, even as Strategy reduced its bitcoin holdings.

Bitmine Immersion bought 42,197 ether last week, extending its position as the largest Ethereum treasury company. The move contrasted with Strategy’s rare bitcoin sale as investors watched regulatory expectations around the proposed Clarity Act.