Bitmine slows ether purchase pace, buying $53 million worth last week
Bitmine has significantly reduced its Ethereum accumulation pace, purchasing $53 million worth of ETH last week compared to much higher volumes previously. The firm is nearing its long-term goal of controlling 5% of the total circulating supply.
Why it matters
As a major institutional holder, Bitmine's buying behavior serves as a key indicator for market sentiment and liquidity in the Ethereum ecosystem.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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. By Krisztian Sandor | Edited by Stephen Alpher Jun 1, 2026, 12:55 p.m. 2 min read Make preferred on Tom Lee, chairman of Bitmine and cofounder of Fundstrat, speaking at Consensus 2026 in Miami (CoinDesk) What to know : 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 reducing the pace of accumulation after making its largest purchase of 2026 just a week earlier.
The article provides data-driven reporting on corporate financial activity without editorializing.
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