Bitmine made its largest ETH purchase this year despite Tom Lee's slowdown suggestion
Bitmine Immersion has made its largest purchase of ether this year, acquiring 111,942 ETH for approximately $237 million. The company aims to take advantage of the recent drop in ETH prices, which fell below $2,200. Bitmine's total crypto and cash holdings now amount to $12.3 billion, with plans to control 5% of the ether supply by the end of 2026.
- ▪Bitmine Immersion purchased 111,942 ether last week, marking its largest acquisition since December.
- ▪The firm's total holdings now stand at nearly 5.4 million ETH, representing about 4.47% of Ethereum's circulating supply.
- ▪Chairman Tom Lee stated that the recent pullback in ETH prices presents an attractive buying opportunity.
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FinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitmine made its largest ETH purchase this year despite Tom Lee's slowdown suggestionThe company bought 111,942 ether last week worth $237 million, ramping up purchases to take advantage of ETH's drop below $2,200.By Krisztian Sandor|Edited by Stephen Alpher May 26, 2026, 1:27 p.m. 1 min readMake preferred on Tom Lee on the Mainstage at Consensus Miami 2026 (CoinDesk)What to know: Bitmine Immersion bought 111,942 ether (ETH) last week, its largest purchase since December, bringing its holdings to nearly 5.4 million tokens.Chairman Tom Lee said the firm is accelerating purchases to take advantage of ether’s pullback below $2,200 and expects to reach its goal of controlling 5% of the supply later in 2026.Bitmine…
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