Bitmine (BMNR) 'Sweeps Up' Ethereum (ETH) Again... Dominating 4.9% of Supply

▲ Ethereum (ETH), Crypto Whale/AI Generated Image

Bitmine (BMNR) has additionally purchased 27,180 ETH of Ethereum (ETH). It is now very close to its goal of securing 5% of the total Ethereum supply.

According to the cryptocurrency specialized media outlet Coingape on September 14 (local time), Bitmine additionally purchased 27,180 ETH last week. Tom Lee, Chairman of Bitmine, stated, "Among listed companies worldwide, no company has consistently purchased cryptocurrency like Bitmine." The company also bought 28,086 ETH two weeks ago.

Bitmine's Ethereum holdings have increased to 5,956,378 ETH. This accounts for 4.9% of the total Ethereum supply. The company has achieved 98% of its goal to secure 5% of the supply. Staked Ethereum also amounts to 5,067,309 ETH.

Lee cited the vote on the U.S. cryptocurrency market structure bill as one of the major catalysts for the year-end crypto market rally. Coingape explained that the possibility of Senate passage has increased as U.S. President Donald Trump agreed to the ethics clause. The bill's passage in the Senate before the midterm election recess is drawing attention.

He also mentioned the movement of South Korean investors. Lee said that South Korean investors have started moving funds from AI-related stocks as they buy cryptocurrencies again. He stated, "I believe the four-year cycle will form a bottom within the next few weeks." He further predicted that institutional cryptocurrency purchases would significantly increase during the last few months of 2026, bolstered by tokenization and agent-type AI.

A bullish outlook for Ethereum was also maintained. Lee conveyed that Bitmine's advisors anticipate a strong surge for Ethereum within the next few weeks. The advisor presented the fact that Ethereum traded sideways in August without a downward breakout as a signal supporting the possibility of a resumed rally. Bitmine continues its weekly purchases, believing that the expansion of tokenization will positively impact Ethereum.

[Article Summary]

-Bitmine additionally purchased 27,180 ETH last week, increasing its holdings to 5,956,378 ETH.

-Bitmine's Ethereum holdings account for 4.9% of the total supply, reaching 98% of its 5% acquisition goal.

-Tom Lee cited the U.S. cryptocurrency market structure bill and increased institutional buying as key catalysts for the year-end crypto market rally.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*