BMNR, ETH news: Bitmine buys 71,000 ETH as digital asset treasuries dial back purchases

BitMine Immersion Technologies (BMNR) purchased 71,179 ETH last week, marking its largest weekly acquisition in 2026 and extending a four-week acceleration in its ether accumulation, despite a slump in crypto prices. This purchase, valued around $143 million, increased the company's total holdings to over 4.73 million ETH, representing about 3.92% of the token's supply. BitMine's continued buying contrasts sharply with most other large digital asset treasuries (DATs) that have paused or reduced accumulation. Notably, Strategy (MSTR), the largest corporate Bitcoin owner, broke its 13-week buying streak. Bitmine Chairman Thomas "Tom" Lee believes the current market represents the final phase of a downturn, citing pressure from rising oil prices and geopolitical tensions. The company's total crypto and cash holdings stand at $10.7 billion, including 197 bitcoin.

(Source：CoinDesk)