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CryptoMediumUpdated×14•Originally published 4 May 2026•Updated 5 May 2026•

1 min read

BitMine Acquires 101,745 ETH for $238 Million in Weekly Buy

Key Facts

1BitMine Immersion completed a weekly purchase of 101,745 Ethereum tokens for $238 million.

2This marks the third consecutive week where the company's purchases exceeded 100,000 ETH tokens.

29 days ago

Version History

4 additional sources confirmed this story

Version 1429 days ago

What changed: Updated the story to include the staking of an additional 190,800 ETH tokens worth $451 million and reaching a 3.7% share of the total Ethereum supply.

Version 1329 days ago

What changed: Updated to confirm Bitmine's staked ETH has surpassed $10 billion (88% of holdings) and noted ETH's price stagnation relative to Bitcoin's rally above $80,000.

Version 1229 days ago

What changed: Added network-level context regarding the Ethereum validator queue surge, which validates BitMine's broader staking strategy.

Version 1130 days ago

What changed: The story was updated to include the company's disclosure of its 5% ETH supply accumulation target and its progress in reaching 86% of that goal.

Version 1030 days ago

What changed: The story was updated to include the company staking $10.2 billion worth of Ethereum as a hedge against geopolitical risks.

Version 9about 1 month ago

What changed: Added the average purchase price per token and the total circulating supply figure for Ethereum.

Version 8about 1 month ago

What changed: Added details regarding ETH valuation within the treasury, BTC holdings, global treasury ranking, and daily trading volume relative to DoorDash.

Version 7about 1 month ago

What changed: The story was updated to include the company's total crypto and cash holdings of $13.1 billion, specifically highlighting the $700 million cash reserve.

Version 6about 1 month ago

What changed: Updated to include the exact percentage of total ETH supply held (4.29%), the 'Alchemy' 5% strategic goal, and the 10-month progress toward that target.

Version 5about 1 month ago

What changed: The story was updated to include Bitcoin hitting $80,000 and Ethereum approaching $2,400, while adding the impact of President Trump's Project Freedom initiative.

Version 4about 1 month ago

What changed: Updated the company's share of the total Ethereum supply to exceed 4.2%, up from 4.12%.

Version 3about 1 month ago

What changed: Added the specific stock percentage gain of 4.16% and noted the four-week duration of the buying streak.

Version 2about 1 month ago

What changed: Added details regarding the BMNR stock price increase and the company's strategic move to stake its ETH holdings for yield generation.

Version 1about 1 month ago

What changed: Added market sentiment context from Tom Lee regarding the 'Crypto Spring' and confirmed the third consecutive weekly buy.

BitMine Immersion has executed a weekly purchase of 101,745 Ethereum tokens for $238 million at an average price of $2,336 per ETH. This acquisition brings its total holdings to 5.18 million tokens, allowing the company to control 3.7% of the total Ethereum supply. In a significant strategic update, BitMine staked an additional 190,800 ETH tokens worth $451 million, pushing the total value of its staked assets well beyond the $10 billion mark. With 88% of its holdings now locked in staking protocols, the company's total portfolio value stands at $12.1 billion. These moves reinforce BitMine's position as the world's second-largest corporate treasury amid a broader crypto market surge. Daily trading volume for BMNR stock remains robust, exceeding $625 million as the firm nears its long-term accumulation goals.