Author: The Defiant Team

Translation: Deep Tide TechFlow

Deep Tide Guide: BitMine Immersion Technologies (NYSE: BMNR) purchased 42,197 ETH in the past week, valued at approximately 73 million USD, raising its total holdings to 5,742,237 ETH, which accounts for 4.8% of the Ethereum circulating supply. This Ethereum treasury company, chaired by Tom Lee of Fundstrat, is steadily moving towards its declared goal of a 5% holding with a consistent weekly accumulation pace.

Weekly Purchase of 73 Million USD ETH

BitMine Immersion Technologies (NYSE: BMNR), the Ethereum treasury company chaired by Fundstrat's Tom Lee, purchased 42,197 ETH in the past week, valued at approximately 73 million USD. According to the company's holdings update released on Monday, this purchase increased BitMine’s total ETH holdings to 5,742,237 ETH, accounting for about 4.8% of the Ethereum circulating supply.

BitMine's official account revealed that the company's total cryptocurrency assets and other holdings amount to 11.1 billion USD, including ETH holdings valued at 1800 USD each, 206 BTC, a 180 million USD equity stake in Beast Industries, and a 71 million USD equity stake in Eightco Holdings (NASDAQ: ORBS). The company also holds 527 million USD in cash and securities.

Staking Holdings Unchanged

Notably, BitMine's total staked ETH remains at 4,879,157 ETH, unchanged from the previous week—despite the overall increase in holdings, the company did not raise its staking position.

This purchase continues a consistent accumulation strategy, making BitMine the largest institutional holder of ETH. The Defiant previously reported that Lee publicly defended the company’s funding model in June (after insiders warned of a cash shortfall), and Lee has also defined crypto assets in public statements as "wartime stores of value."

At this pace, BitMine is steadily advancing towards its claimed goal of controlling 5% of the total ETH supply. BitMine shares trade on the New York Stock Exchange under the ticker BMNR.

The scale of the 73 million USD increase and the 4.8% circulating supply share are consistent with data from several independent market trackers, although BitMine's official post did not separately list this week's purchase amount from the cumulative total.