business
Bitmine Slows Ethereum Purchases As Price Falls
Key takeaways
- The largest Ethereum treasury firm bought 26,497 ETH in the last week, sharply reducing the pace of accumulation after making its largest purchase of 2026 a week earlier.
- The latest acquisition, worth $53 million U.S., lifted Bitmine s total holdings to 5.42 million Ethereum, or 4.49% of ETH’s circulating supply, according to the company.
- Ripple, The Company Behind XRP, Is Valued At $50 Billion
Bitmine Slows Ethereum Purchases As Price Falls Bitmine Slows Ethereum Purchases As Price Falls Crypto Prowl Mon, June 1, 2026 at 8:18 PM GMT+7 1 min read BMNR ETH-USD Bitmine Immersion Technologies (NYSE: $BMNR) slowed its purchases of Ethereum (CRYPTO: $ETH) over the past week as the price continues to fall.
The largest Ethereum treasury firm bought 26,497 ETH in the last week, sharply reducing the pace of accumulation after making its largest purchase of 2026 a week earlier.
The latest acquisition, worth $53 million U.S., lifted Bitmine s total holdings to 5.42 million Ethereum, or 4.49% of ETH’s circulating supply, according to the company.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop