Ethereum News: Bitmine (BMNR) Adds Bought $75M ETH as Tom Lee Says Institutions Are Underweight Crypto

Crypto bull market has begun, Tom Lee says as Bitmine nears 6M ETH

Bitmine chairman Tom Lee has said a crypto bull market is underway and could strengthen in the fourth quarter as the Ethereum treasury company added another 27,562 ETH worth roughly $75 million. According to Bitmine Immersion Technologies, Lee believes the…

Ethereum news: Bitmine (BMNR) adds bought $75M ETH as Tom Lee says institutions are underweight crypto

The largest Ethereum-centric treasury firm kept buying, while its chairman argued ETH’s strong third quarter could push institutions to increase crypto exposure.

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.98 Million Tokens, and Total Crypto and Total Cash Holdings of $17.1 Billion - BlockTelegraph

PRNewswire, PRNewswire, 21st September 2026, Chainwire

BitMine acquires 27,562 Ethereum for $75M, pushing total holdings to nearly 5% of circulating supply

BitMine Immersion Technologies bought 27,562 ETH for $75M, bringing total holdings to nearly 6 million ETH worth $16.1B, or 4.9% of circulating

Bitmine Adds 27,562 ETH as Total Holdings Reach 5.98 Million

TLDR: Bitmine ETH holdings reached 5.98 million tokens, representing 4.9% of Ethereum’s total supply. Bitmine staked 5.07 million ETH, representing about 85% of its total Ethereum holdings. The company reported $17.1 billion in combined crypto, cash and investment assets. Bitmine purchased another 27,562 ETH as it moves closer to its 5% supply target. Bitmine ETH [...]

‘Crypto bull market is underway,’ Tom Lee says as Bitmine nears 5% Ethereum supply target with 27,562 ETH buy

Bitmine's total investments currently stand at $17.1 billion, and the company owns over 4.9% of Ethereum's circulating supply.