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Bitmine Immersion Technologies bought another 28,086 Ethereum tokens last week, bringing its holdings to 5.93 million ETH as it approaches its goal of owning 5% of the cryptocurrency's supply.
The purchase was worth approximately $70 million at the company's reference price of $2,495 per token. Bitmine did not disclose its acquisition cost.
"Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world," Bitmine Chairman Tom Lee said in a statement. "Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025." (Disclosure: Tom Lee is an investor in Dastan, Decrypt's parent company.)
The acquisition was smaller than the 53,501 ETH purchase announced the previous week. Bitmine has bought Ethereum weekly since launching its treasury strategy in June 2025, according to the company.