Bitmine Immersion (BMNR), the biggest Ethereum treasury firm, purchased 10,399 ether (ETH) throughout final week as Chairman Tom Lee pointed to ether’s strongest month-to-month efficiency in opposition to the Nasdaq in a yr as proof that crypto is recovering.
The acquisition, value roughly $19.1 million at ETH’s present value of $1,840, lifted Bitmine’s holdings to nearly 5.8 million ETH, or about 4.8% of Ethereum’s circulating provide, in response to the corporate’s Monday replace.
The newest acquisition was broadly according to the earlier week’s 9,946 ETH buy, extending Bitmine’s streak of weekly ether buys since adopting its Ethereum treasury technique in June 2025.
The corporate additionally purchased again 4.5 million shares of its frequent inventory, bringing whole latest repurchases to 16 million shares.
The replace comes as Technique (MSTR), the biggest company bitcoin holder, disclosed one other sale of bitcoin. The corporate trimmed its treasury by 1,638 BTC, value about $105 million, whereas repurchasing $81.2 million of its STRC most popular inventory. Technique additionally raised $290 million via gross sales of frequent shares.
Lee tied the corporate’s outlook to ether’s relative power in opposition to expertise shares.