Bitmine Immersion Technologies (NYSE: $BMNR) purchased nearly 10,000 more Ethereum (CRYPTO: $ETH) over the past week.
Bitmine Purchases Nearly 10,000 Ethereum
Bitmine Immersion Technologies (NYSE: $BMNR) purchased nearly 10,000 more Ethereum (CRYPTO: $ETH) over the past week.
Yahoo Finance
Publisher
Aug 17, 2026 at 7:14 PM UTC · 1 분 소요
Key Signal
9,926 ETH Weekly Ethereum purchase
Entities
ethereum
Market Impact
ETH+17.53%$2,275
Last Updated
3일 전
번역 중…
The company led by Chairman Tom Lee bought 9,926 ETH last week, continuing its streak of weekly buys.
Bitmine now owns 5.815 million ETH tokens, equal to 4.8% of the circulating supply. The company's Ethereum holdings are worth about $11 billion U.S. based on the current price.
Bitmine Immersion Technologies also bought back 1.7 million shares of its own stock last week under a previously authorized $4 billion U.S. share repurchase program.
Lee said that the Ethereum-to-Bitcoin (CRYPTO: $BTC) ratio has broken above a down trend, which he sees as a sign that investors are starting to price in growing demand for ETH.
BMNR stock has declined 65% over the last 12 months to trade at $18.80 U.S. per share.
Ethereum is trading at $1,905 U.S. on Aug. 17.
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Originally reported by Yahoo Finance
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