BitMine Immersion Applied sciences (BMNR), the most important Ethereum-focused treasury firm, continued its buy streak after elevating recent capital via a most popular inventory sale.
The agency acquired 76,881 ether (ETH) over the previous week, price roughly $136 million primarily based on ETH’s present value, lifting Bitmine’s treasury to five.62 million ETH.
The corporate additionally held 204 bitcoin, $502 million in money and marketable securities and stakes in Beast Industries and Eightco Holdings, bringing whole crypto, money and funding holdings to $10.4 billion.
The most recent buy was smaller than the earlier week’s 126,971 ETH acquisition, its largest weekly haul of 2026. Nonetheless, it suggests the corporate stays dedicated to accumulating ETH regardless of Lee’s feedback final month about slowing purchases because the agency neared its aim of proudly owning 5% of Ethereum’s provide.
“We are maintaining a somewhat elevated pace of buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals,” Bitmine Chairman Thomas Lee stated.
Bitmine’s most popular fairness debut
The acquisition comes on the heels of elevating $274 million by issuing most popular fairness that gives 9.5% annualized dividend. The transfer resembles financing instruments pioneered by bitcoin treasury agency Technique (MSTR), which have more and more turned to most popular fairness and different yield-bearing securities to fund crypto purchases.
