Bitmine hits 5.39M ETH after buying 111K tokens on the dip!

Bitmine Immersion Technologies added 111,942 ETH last week, lifting its total Ethereum treasury to 5.39 million tokens — now worth approximately $11.4 billion at ETH's Tuesday price of $2,115.21. The company explicitly called the recent pullback below $2,200 a buying opportunity, continuing a streak of weekly purchases above 100,000 tokens.

At 89% of its stated goal to own 5% of Ethereum's total circulating supply, Bitmine is closing in on a milestone that would make it one of the most consequential single holders of ETH on the planet — all within less than a year of announcing the strategy.

Chairman Tom Lee cited two structural tailwinds driving the conviction: Wall Street tokenization and agentic AI. "We continue to expect a supercycle ahead for crypto and Ethereum," Lee said.