Bitmine Immersion Technologies purchased $68 million worth of Ethereum, adding 27,180 ETH to bring its total holdings to nearly 5.96 million ETH, about 4.9% of all circulating Ethereum. This makes Bitmine the largest public company holder of Ethereum, aiming to reach 5% ownership soon. Chairman Tom Lee highlighted bullish factors like tokenization, AI on blockchain, and upcoming US regulations as growth drivers. Bitmine also generates revenue by staking over 5 million ETH, projecting $330 million annually, and continues weekly purchases to hit its target.
The story on Bitmine's Ethereum accumulation provides context for readers following crypto markets. For readers following cryptocurrencies, here is Pluang's market snapshot as of Sep 14, 2026 20:03 WIB: out of 50 major cryptocurrencies, 30 rose and 19 fell today. Among notable movers, AVAX (Avalanche) rose 2.72% to Rp131.688 with 42% buy orders, contrasting with XNO (Nano) which fell 2.92% to Rp5.861 and saw 92% sell orders, while SNX (Synthetix) dropped 2.74% to Rp3.733 but had 100% buy orders. Typical hold times ranged from 69 to 86 days across these assets.
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