Bitmine slashes weekly Ethereum purchases by 75%+ after record buying spree
By
Krisztian Sandor
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Summary
Bitmine Immersion (BMNR), the largest publicly-traded Ethereum treasury firm, significantly reduced its ETH purchases last week, buying only 26,497 ETH ($53 million) — a 75%+ drop from the prior week's 120,000 ETH acquisition. The company's total holdings now stand at nearly 5.42 million ETH (4.49% of circulating supply). The slowdown follows Chairman Thomas "Tom" Lee's May comments at a conference.
Key quotes
· 3 pulledThe latest acquisition, worth roughly $53 million at current ETH prices, lifted Bitmine's holdings to nearly 5.42 million tokens, or approximately 4.49% of ether's circulating supply.
The purchase was down more than 75% from the prior week's 120,000 ETH haul.
Bitmine Immersion (BMNR), the largest publicly-traded Ethereum treasury firm, bought 26,497 ether (ETH) last week, sharply reducing the pace of accumulation after making its largest purchase of 2026 just a week earlier.
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