Ethereum finance firm Bitmine Immersion (BMNR), led by chairman Tom Lee, has expanded its purchases again, posting its biggest gain since December.
The company announced on Monday that it had purchased 111,942 Ethereum ($ETH) last week, worth about $237 million at current prices. As a result, the company’s holdings increased to approximately 5.4 million shares. $ETHapproximately 4.47% of Ethereum’s circulating supply.
The acquisition marks a new acceleration in the pace of Bitmine’s purchases, after Lee said at Consensus 2026 in Miami in early May that he plans to slow weekly accumulations. This change is due to the company $ETH It has fallen to nearly $2,100 from $2,400 in early May and April.
“We continue to steadily acquire certifications.” $ETH” Lee said in a statement. $ETH Attractive opportunities for under $2,200. ”
Lee added that the company is on track to achieve its goal of capturing 5% of Ether supply in the second half of 2026.
According to the report, Bitmine’s total holdings in cryptocurrencies and cash amount to $12.3 billion. The company also holds 203 Bitcoin, $444 million in cash, and stocks, including investments in Beast Industries and Eightco Holdings.
The company announced it has invested more than $4.7 million. $ETH It accounts for approximately 87% of its holdings and generates approximately $276 million in staking revenue annually.
