
BitMine Immersion Technologies purchased 45,759 ETH during a market downturn, raising staked holdings to over three million and reaffirming its goal to own 5% of Ethereum’s circulating supply.
BitMine Immersion Technologies, led by CEO Tom Lee, acquired 45,759 Ethereum tokens valued at approximately $91 million amid a ~60% price decline from the 2025 peak. The purchase increases BitMine’s staked ETH holdings to 3.04 million and supports its strategy to accumulate 5% of Ethereum’s circulating supply. The Nasdaq-listed firm’s total ETH reserves surpass 4.37 million, with active staking being a core element of its accumulation plan.