BMNR stock jumps 7% as Bitmine closes in on owning 5% of all ETH

Bitmine Immersion Technologies [BMNR] just bought more Ethereum [ETH]. At this point, it's a habit. However, the pile isn't negligible anymore, making this worthy enough to take a look. Bitmine now just 50K tokens away from 5% goal! Bitmine picked up 8,573 ETH last week, at $2,261 per token. That's worth nearly $20 million! At press time, the total stash was worth 6,060,506 ETH. In fact, that's 4.9% of Ethereum's 122.2 million supply. The company has been chasing 5% for about 15 months and now, they're about 50,000 ETH short. According to Chairman Tom Lee, Bitmine has bought ETH every single week, since starting its treasury strategy in June 2025. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world.

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