Tom Lee's Bitmine buys $81 million of ETH in largest weekly haul since early July

Bitmine Immersion Technologies BMNR $ 23.63·At close, the largest Ethereum treasury company, picked up the pace of its ether ETH $ 2,513.30 purchases last week, buying 32,447 ETH after several weeks of more modest additions to its crypto treasury.

The purchase is worth roughly $81 million at Monday's ETH price of $2,500 and lifted Bitmine's holdings to 5,847,611 tokens. The entire stash is valued at about $14.6 billion at current prices.

BMNR is higher by 3.5% in pre-market trading as ETH climbs past $2,500.

The Tom Lee-chaired company had eased off its buying in recent months as it moved closer to its self-imposed goal of owning 5% of Ethereum's supply. Still, Bitmine hasn't stopped buying. The company has added ETH every week since launching its Ethereum treasury strategy in June 2025, according to Lee.

Its holdings now account for roughly 4.8% of Ethereum's 120.7 million token supply. At the current supply level, reaching the 5% target would require about 6.04 million ETH, leaving Bitmine roughly 187,000 tokens short of its target.

Lee sees more room to run

Bitmine’s pickup in acquisition pace came alongside a rebound in crypto prices, including ETH, which gained about 30% over the past week.