Bitmine Immersion Technologies (NYSE: $BMNR) increased its purchase of Ethereum (CRYPTO: $ETH) over the past week even as the cryptocurrency's price rallied 34%.
The largest Ethereum treasury company made its biggest purchase of Ethereum since early July over the last week, acquiring an additional 32,447 ETH at a cost of $81 million U.S.
Bitmine now owns 5,847,611 Ethereum tokens valued at $14.6 billion U.S. based on the current price of $2,505 U.S.
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Bitmine Immersion Technologies (NYSE: $BMNR) bought more Ethereum (CRYPTO: $ETH) over the past week and continued to increase the amount of ETH it has staked.
The serial cryptocurrency acquirer led by Chairman Tom Lee purchased 7,391 Ethereum over the past week.
The company now owns 4.8% of Ethereum's circulating supply and is 96% of the way towards reaching its goal of holding 5% of the available ETH supply.
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Ethereum (CRYPTO: ETH) may be down more than 60% from its all-time high from last summer, but that's not stopping forward-looking crypto investors from speculating on what might happen during the next bull market cycle.
Tom Lee, co-founder of Wall Street research firm Fundstrat and chairman of Bitmine Immersion Technologies (NYSE: BMNR), has emerged as one of the loudest voices predicting massive gains in the price of Ethereum. In fact, he thinks Ethereum could eventually hit a price of $250,000. Given its current price of just $2,000, that would represent a stunning 125x return on investment.
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The good news, if you're thinking about investing in Ethereum, is that there have been some recent signs of life. In July, for example, Ethereum outperformed both the Nasdaq-100 and Bitcoin (CRYPTO: BTC). And it did so handily. Ethereum beat tech stocks by 25 percentage points, and Bitcoin by 11 percentage points. That's something Lee has been quick to point out, suggesting it could be foreshadowing a massive bull market rally for Ethereum.
But just keep in mind: This could also be a dead cat bounce. After all, Ethereum is still down nearly 40% for the year. And recent shakeups at the Ethereum Foundation suggest that there's enormous internal dissension about where the cryptocurrency is headed next.

#ethereum #price #next

Bitmine Immersion Technologies (NYSE: $BMNR) has accelerated its stock buybacks even as it continues making weekly purchases of Ethereum (CRYPTO: $ETH).
The company led by Chairman Tom Lee has increased its $4 billion U.S. share repurchase program, buying back 4.5 million BMNR shares over the past week.
Bitmine has now repurchased more than 15 million of its own shares since July 1, which it says is the largest common stock buyback completed by any cryptocurrency treasury company.
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Bitmine Immersion Technologies (NYSE: $BMNR) slowed its purchases of Ethereum (CRYPTO: $ETH) over the past week as it moved to buyback its own stock.
The company led by Chairman Tom Lee bought 7,430 Ethereum over the last week, slowing its buying as it redirected capital to share repurchases.
The latest ETH purchase, worth $14 million U.S., lifted BitMine's holdings to 5.78 million Ethereum, or roughly 4.8% of the cryptocurrency's total circulating supply.
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Crypto treasury firm Bitmine Immersion Technologies (NYSE: $BMNR) says that Ethereum (CRYPTO: $ETH) staking generated 98% of its revenue in its latest quarter.
The company, led by Chairman Tom Lee, said Ethereum staking became its dominant source of revenue during the fiscal quarter ended May 31, generating $45.7 million U.S.
Bitmine reported $46.5 million U.S. in total revenue for the quarter, up from $2.05 million U.S. a year earlier.
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Bitmine Immersion climbed by 11.50 percent on Tuesday to finish at $16.29 apiece after expanding its Ethereum treasury to $10.5 billion, solidifying its stance as the largest holder of the said token in the world.
In a statement on the same day, Bitmine Immersion Technologies Inc. (NYSE:BMNR) said that it boosted its Ethereum holdings to 5.77 million units following the acquisition of 27,801 Ethereum tokens last week.
Ultimately, the acquisition further advances its strategy of positioning itself as a publicly traded vehicle for investors seeking exposure to Ethereum.
Bitmine Immersion Technologies Inc. (NYSE:BMNR) also pointed to the growing adoption of ETH as having boosted its confidence and ownership of the latter following the launch of Robinhood Chain—a Layer 2 network built on Arbitrum that focuses on tokenized real-world ******* ets.
"One of the biggest crypto success stories in 2026 is the breakaway success of the Robinhood Chain L2 mainnet on July 1, built on Arbitrum. Already, dollar volumes have exceeded $1 billion, and Robinhood Chain now has more trading volume than any other decentralized exchange (DEX), demonstrating the outstanding utility and product market fit for Ethereum, which is the underlying chain," said Bitmine Immersion Technologies Inc. (NYSE:BMNR) Chairman Thomas Lee.

Bitmine Immersion Technologies Inc. (NYSE:BMNR) is one of the 8 Hidden Multibagger Stocks to Buy Now. On June 19, Bitmine Immersion Technologies Inc. (NYSE:BMNR) announced that it has declared a cash dividend of $0.1056 per share for holders of its 9.5% Series A Preferred Stock. The dividend will be paid in cash on July 10, 2026, to shareholders. This announcement reflects the company's commitment to returning capital to its preferred shareholders. BMNR is expanding bitcoin mining into Ethereum treasury operations and staking infrastructure. Moreover, with the volatility and regulatory uncertainty surrounding digital ****** et markets, the company believes it is stable and can manage risk well.
Earlier on June 15, BMNR announced that its combined crypto holdings, cash, marketable securities, and moonshot ****** ets reached $10.4 billion. As the company is shifting towards the Ethereum treasury, it now holds 5.62 million Ethereum worth approximately $9.7 billion. According to Chairman Tom Lee, Bitmine is now 93% of the way toward its goal of acquiring 5% of all Ethereum. He noted that AI systems that operate independently are creating more demand for neutral public blockchains like ETH.
Thomas Lee, Chairman of Bitmine, commented:
"The best years for crypto remain ahead, in our view. Tokenization and the rapid progress in AI are expected to drive exponential demand growth for blockchain and decentralized crypto."
Bitmine Immersion Technologies Inc. (NYSE:BMNR) operates as a blockchain technology company. The company engages in ETH treasury operations. It also offers digital ****** et ecosystem services, including consulting/advisory and disciplined digital ****** et treasury management. The company was incorporated in 2019 and is based in Las Vegas, Nevada.

Bitmine Immersion Technologies (NYSE: $BMNR) bought another 27,084 of Ethereum (CRYPTO: $ETH) over the past week as its price neared a low for the year.
In all, Bitmine spent $43 million U.S. buying Ethereum in recent days as the price steadily fell. ETH hit a low for the year of $1,564.86 U.S. on June 26.
The latest purchases have brought Bitmine's holdings to 5.7 million Ethereum worth $8.9 billion U.S., according to the company.
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Tom Lee — executive chairman of BitMine Immersion Technologies (BMNR), head of research at Fundstrat Global Advisors and chief investment officer at Fundstrat Capital — said in a post on X that ether is “embarking on that same supercycle” that produced a 100x gain in bitcoin since his 2017 client recommendation.
He noted bitcoin endured six drawdowns greater than 50% and three greater than 75% over the past 8.5 years, arguing crypto’s volatility reflects markets “discounting a massive future” and that investors had to hold through “existential moments.”
The call drew pushback, however.
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