BitMine Immersion Technologies slowed its Ethereum purchases last week, though the firm still added $62 million worth of ETH to its holdings. The update was disclosed by the company.
A $62 million addition
Last week, BitMine acquired $62 million in Ethereum. The purchase was part of the company's ongoing accumulation of digital assets. The total amount of ETH now held by BitMine was not specified. The acquisition took place during the week ending May 10, 2026.
Slowing the buying pace
The company had been buying Ethereum at a faster rate in previous weeks. The reduction in pace was not accompanied by an explanation. It is unclear what prompted the change. BitMine has not indicated whether it plans to resume its previous buying tempo.
The firm's next quarterly report may offer more details on its strategy.
