Bitmine buys 12,535 ETH and holds 6,041,481 ETH in treasury
Image: Bitcoin.com NewsBitmine acquired 12,535 ETH over the past week, extending its run of weekly purchases. The Ethereum treasury firm now holds 6,041,481 ETH, about 4.9% of the total supply, and has staked 5,067,309 ETH. Chairman Tom Lee linked a recent crypto selloff to weaker risk appetite, citing AI funding concerns, U.S.-Iran tensions, midterm election anxiety and rising bond yields.
Key points
- Bitmine bought 12,535 ETH in the past week, after announcing a purchase of 12,532 ETH the previous week.
- Tom Lee attributed recent crypto selling to weaker risk appetite, AI funding concerns and rising bond yields.
What's unclear
The report on BMNR's stock is mixed, describing it as up at the market open while also saying it fell over 1%, so its direction that day is unclear.
Price context · ETH
At publication
$2,400.53
Now
$2,396.80
Change since
−0.16%
7 days · dashed line = publication
Sources · 2 publishers
Bitcoin.com News
Tier 2
Bitmine Boosts Ether Holdings as Tom Lee Blames AI Fears for Crypto Dip
Coverage timeline
- First reported by CoinGape
- Also reported by Bitcoin.com News
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
ONDO
+1.3%
NEAR
+5.2%
NEXO
−0.2%
