Tom Lee's Bitmine slows down ether purchases after already buying 1 million tokens this year
CoinDesk
Bitmine has significantly reduced its weekly ether accumulation after purchasing over 1 million ETH so far in 2026.Summary
Bitmine Immersion Technologies (BMNR), led by Chairman Tom Lee, has sharply decelerated its ether (ETH) buying pace, purchasing approximately 26,000 ETH last week compared to a previous weekly average of 100,000. This shift follows an aggressive accumulation phase that saw the company acquire over 1 million ETH in 2026, bringing its total holdings to over 5.2 million ETH, or roughly 4.31% of the circulating supply. The company aims to reach 5% of the total supply while maintaining its focus on long-term growth and extensive staking operations.
(Source：CoinDesk)