Bitmine Slows Down Ether Purchases Amid Market Downturn

Bitmine, the world's largest Ethereum treasury company, has made significant changes to its investment strategy by slowing down its ether purchases. According to reports, the firm acquired around 26,659 ETH last week, valued at approximately $63 million, which is roughly a quarter of its recent average weekly pace.

This decision was announced by Tom Lee, chairman of Bitmine and co-founder of Fundstrat, who stated that the company has decided to slow down its weekly accumulation of ether from over 100,000 ETH per week. The firm aims to reach its long-term goal of owning 5% of Ethereum's supply, which would be achieved by mid-July at this current pace.

Bitmine's total crypto and cash holdings stand at $13.4 billion, with a significant portion invested in ether, including over 1 million tokens acquired since the start of 2026. The company also holds 201 bitcoin, $775 million in cash, and equity stakes in various firms, such as Beast Industries and Eightco Holdings.