"BitMine Immersion Technologies significantly slowed its accumulation last week, purchasing 26,659 ETH worth roughly $62-$63 million. The latest buy marks a sharp drop from the firm's previous pace, where it had been consistently adding more than 100,000 ETH per week over multiple consecutive periods."
"Despite the slowdown, BitMine still maintains one of the largest Ethereum treasury positions in the market, holding over 5.2 million valued at approximately $12.1 billion. That position has pushed its share of Ethereum's circulating supply above 4.3%, leaving the firm more than 86% of the way toward its stated "5% of supply" target."
"BMNR Chairman Tom Lee confirmed the deliberate reduction in buying pace, noting that the firm had originally aimed to reach its "Alchemy of 5%" goal by late 2026. He added that the previous accumulation rate would have seen that threshold hit as early as mid-July, but the firm is now opting for a more measured approach as it balances other strategic priorities in the crypto market."
"The adjustment reflects a strategic shift rather than a change in conviction, as BitMine continues to position itself as the largest Ethereum treasury company while managing concentration risk and maintaining flexibility for other initiatives across the digital"
BitMine reduced its Ethereum accumulation pace, buying 26,659 ETH worth about $62–$63 million last week. Weekly purchases fell by roughly 74% compared with prior periods when the firm consistently added more than 100,000 ETH per week. The firm still holds over 5.2 million ETH valued around $12.1 billion, representing more than 4.3% of Ethereum’s circulating supply and more than 86% of its stated 5% target. BMNR Chairman Tom Lee confirmed the reduction as deliberate, with the original plan to reach the goal by late 2026. The slower pace is intended to balance other crypto priorities while maintaining flexibility and managing concentration risk.
#ethereum #corporate-crypto-treasury #institutional-accumulation #portfolio-concentration-risk #market-strategy
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