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Bitmine Adds $207M in Ethereum as ETH Treasury Reaches 5.54M

2026-06-08 14:30:56

Abstract generation in progress

Bitmine Immersion Technologies added 126,971 ETH last week for roughly $207 million. The purchase lifted Bitmine's treasury to 5,543,872 ETH, equal to 4.59% of ether's circulating supply. Tom Lee said Bitmine increased buying because ETH price weakness does not reflect stronger Ethereum fundamentals.

ETH-1.27%

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