Bitmine capitalizes on Ethereum price drop, buys over 100,000 ETH as 5% supply goal nears
The Block
Bitmine acquired over 100,000 ETH during a recent price dip, bringing its total treasury to 5.39 million tokens and nearing its 5% supply goal.Summary
Bitmine Immersion Technologies has increased its Ethereum treasury to 5.39 million tokens after purchasing 111,942 ETH during a market price decline. Chairman Tom Lee described the drop below $2,200 as an attractive buying opportunity, citing long-term confidence in crypto market growth driven by Wall Street tokenization and agentic AI. Having achieved 89% of its objective to own 5% of the total Ethereum supply, Bitmine remains the world's second-largest corporate crypto treasury, with total holdings valued at approximately $11.4 billion.
(Source：The Block)