Cryptocurrency1 Jun 2026SEO 801 min read

Analysis: Bitmine slows ether purchase pace, buying $53 million worth last week

The Ethereum treasury firm cut weekly purchases by more than 75% after the previous week's 112,000 ETH buying spree. Bitmine purchased 26,497 ETH last wee…

The Ethereum treasury firm cut weekly purchases by more than 75% after the previous week's 112,000 ETH buying spree. Bitmine purchased 26,497 ETH last week, worth about $53 million at current prices. The purchase pace slowed sharply from the prior week's 120,000 ETH acquisition. The firm now holds 5.42 million ETH, or 4.49% of Ethereum's circulating supply. Bitmine Immersion (BMNR), the largest publicly-traded Ethereum treasury firm, bought 26,497 ether (ETH) last week, sharply r…

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