BitMine Immersion Technologies added another 53,501 Ethereum to its treasury on August 30, pushing its total holdings to 5,901,112 ETH. At the current price of $2,511, that position is worth roughly $14.8 billion.
The latest purchase
The buy is the latest in a streak that began in June 2025. BitMine has been steadily accumulating Ethereum for over a year now, and this latest addition is one of the larger single-day purchases in that run. The company didn't say why it bought now, but the pattern is clear: it keeps buying.
What the stash is worth
At $2,511 per ETH, the 5.9 million coins are worth about $14.8 billion. That's a big number for a company that started this buying spree when Ethereum was trading well below its current level. The position has grown both through purchases and through price appreciation, though the exact cost basis isn't public.
The Tom Lee connection
BitMine is associated with Tom Lee, the well-known market strategist. The article title flags that link, though the company's exact relationship to Lee isn't spelled out in the available facts. Still, it's a name that carries weight in crypto circles, and it adds a layer of attention to BitMine's moves.
The buying streak has now run for 15 months. Whether BitMine keeps adding at this pace is the open question — but nothing in the recent pattern suggests it's about to stop.
