#BitmineAdds51000ETH $ETH ‌


Bitmine Acquires Another 51,000 ETH: 65-Week Streak Continues
Bitmine Immersion Technologies has added another item to its Ethereum accumulation strategy. On September 1st, the company purchased 51,000 ETH via FalconX and BitGo. This transaction is worth approximately $126 million.
65 Weeks of Uninterrupted Purchases
This purchase is part of Bitmine's "treasure strategy," which began on June 30, 2025. Since that date, the company has purchased ETH every week for a full 65 weeks. This consistent purchasing policy has made Bitmine one of the largest regular ETH buyers in the market.
Approaching the 5% Target
With this new purchase, Bitmine's total ETH holdings have exceeded 5.9 million. This figure represents approximately 4.9% of Ethereum's total supply. The company is just 0.1% away from reaching its target, which it calls the "5% alchemy."
Tom Lee previously stated that they were approaching the target much faster than expected and therefore might slow down the pace of purchases. However, with this purchase of 51,000 ETH, the company is still in an aggressive position.
Staking and Revenue Model
Bitmine generates revenue by staking a large portion of its ETH holdings. The company currently has over 5 million ETH staked, worth approximately $12.7 billion.
According to Tom Lee's previous calculations, staking all ETH assets would generate approximately $374 million in annual revenue, averaging over $1 million per day. Towards this goal, Bitmine is preparing to launch its own validator network, MAVAN.
This information is not investment advice. Do your own research.
User_any
#BitmineAdds51000ETH $ETH

Bitmine Acquires Another 51,000 ETH: 65-Week Streak Continues

Bitmine Immersion Technologies has added another item to its Ethereum accumulation strategy. On September 1st, the company purchased 51,000 ETH via FalconX and BitGo. This transaction is worth approximately $126 million.

65 Weeks of Uninterrupted Purchases

This purchase is part of Bitmine's "treasure strategy," which began on June 30, 2025. Since that date, the company has purchased ETH every week for a full 65 weeks. This consistent purchasing policy has made Bitmine one of the largest regular ETH buyers in the market.

Approaching the 5% Target

With this new purchase, Bitmine's total ETH holdings have exceeded 5.9 million. This figure represents approximately 4.9% of Ethereum's total supply. The company is just 0.1% away from reaching its target, which it calls the "5% alchemy."

Tom Lee previously stated that they were approaching the target much faster than expected and therefore might slow down the pace of purchases. However, with this purchase of 51,000 ETH, the company is still in an aggressive position.

Staking and Revenue Model

Bitmine generates revenue by staking a large portion of its ETH holdings. The company currently has over 5 million ETH staked, worth approximately $12.7 billion.

According to Tom Lee's previous calculations, staking all ETH assets would generate approximately $374 million in annual revenue, averaging over $1 million per day. Towards this goal, Bitmine is preparing to launch its own validator network, MAVAN.

This information is not investment advice. Do your own research.
repost-content-media
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
40 views
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
ybaser
· 3 hours ago
2026 GOGOGO 👊
Reply0
ybaser
· 3 hours ago
To The Moon 🌕
Reply0
User_any
· 3 hours ago
To The Moon 🌕
Reply0
User_any
· 3 hours ago
thanks for support
Reply0
  • Pinned