Bitmine extends 14-month ETH buying pace as Ether breaks above $2.5K
Bitmine Immersion Technologies kept buying Ether last week, adding 32,447 ETH and lifting its total to 5,847,611 ETH, or about 4.8% of Ethereum’s circulating supply. The company has bought ETH every week since starting its treasury strategy on June 30, 2025, and is now about 97% of the way to its target of owning 5% of supply. It has also staked 5.07 million ETH, about 87% of its holdings, and says its total crypto, cash, securities, and other investments are worth $14.9 billion. The purchases came as Ether surged more than 32% since the U.S. Treasury announced plans to increase monthly purchases of longer-dated Treasurys, helping ETH break above $2,500 for the first time since January. Bitmine’s paper losses have narrowed sharply as the price rebounded, falling to under $5 billion from more than $8.4 billion a week earlier.
