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Bitmine’s Ethereum purchase nears 5% ownership threshold amid ETH’s 30% surge

The Cryptonomist·August 24, 2026·1 min read
Bitmine’s Ethereum purchase nears 5% ownership threshold amid ETH’s 30% surge

Bitmine Immersion Technologies made its largest weekly Ethereum purchase since early July, acquiring 32,447 ETH worth roughly $81.2 million. The purchase nears a 5% ownership threshold amid ETH's 30% surge. The move marks the company's biggest bet on Ethereum in weeks, according to CoinDesk.

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