ETH Treasury

Bitmine Immersion Technologies added 27,084 ether last week in a $43 million purchase that lifted its ETH holdings to 5.7 million tokens. Chairman Thomas Lee said quarter-end window dressing helped drive recent weakness in bitcoin and ether.

Bitmine purchased $92 million worth of ether last week as it keeps moving toward its target of owning 5% of ETH supply. Chairman Thomas Lee says the company will continue accumulating into 2026, citing tokenization and AI as long-term demand drivers.

Bitmine added 76,881 ETH last week, deepening its Ethereum treasury position after closing a $274 million preferred stock offering. Chairman Tom Lee said staking revenue helps support dividend payments on the new equity.