Bitmine increased its holdings by 27,084 ETH last week, bringing its total holdings to 5.7 million ETH

Bitmine Immersion Technologies purchased 27,084 ETH last week for approximately $43 million, increasing its holdings to 5.7 million ETH, accounting for about 4.7% of Ethereum's circulating supply. The company now controls approximately $9.8 billion in crypto assets, cash, and investments, and is approaching its goal of holding 5% of all ETH, though the pace of recent purchases has slowed. Chairman Thomas Lee attributed the recent weakness in crypto prices to quarter-end "window dressing."