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Bitmine Makes Its Biggest 2026 Ether Buy With $214M Purchase

2026-06-08 13:00:54

Bitmine bought 126,971 ETH over the past week, its largest weekly Ether purchase in 2026, worth roughly $214 million at current prices. The purchase lifted Bitmine's total holdings to 5.54 million ETH, worth about $9.3 billion at current prices. Bitmine chairman Thomas Lee said the company increased buying because the ETH price pullback does not reflect stronger Ethereum fundamentals. Bitmine also unveiled plans to issue a preferred equity class that pays dividends to raise more funds.

ETH3.83%

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