Bitmine extends 14-month ETH buying pace as Ether breaks above $2.5K

Tom Lee’s Bitmine Immersion Technologies continued its accumulation of Ether last week, adding to its holdings as the cryptocurrency staged a sharp breakout following a prolonged downturn. The company disclosed Monday that it purchased 32,447 Ether (ETH) last week, bringing its total holdings to 5,847,611 ETH, or roughly 4.8% of Ethereum’s circulating supply.

Bitmine has acquired ETH every week since launching its Ethereum treasury strategy on June 30, 2025, extending its buying streak to roughly 14 months. The company’s NYSE-traded shares were up about 8.7% to open the week, poised to extend their almost 28% gains over the past six months. Bitmine is now 97% of the way toward its stated goal of owning 5% of the ETH supply.

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