US-listed Bitmine Immersion Technologies, which trades as BMNR, is a crypto treasury company. It said it bought 27,562 ether last week, extending the buying strategy it adopted in June 2025.

The purchase was worth about US$75.2 million at Monday’s ether price of US$2,727. Bitmine’s holdings now total 5,983,940 ether, equal to about 4.9% of ether’s 122.1 million supply.

Bitmine announced on June 30, 2025, that it was raising US$250 million through a private placement to start an Ethereum treasury strategy.

The company said the plan would make it one of the largest publicly traded ether holders.

Bitmine said it has bought ether every week since adopting the strategy. It has also staked about 5 million ether, roughly 85% of its holdings.

🔗 Source: CoinDesk

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