Ethereum news: Bitmine (BMNR) buys 65,341 ETH worth $138 million betting on crypto slump ending
By Krisztian Sandor
Published on March 23, 2026.
Bitmine Immersion Technologies (BMNR) has purchased 65,341 ether (ETH) worth $138 million, marking a significant increase in its purchasing activity. The purchase brings total holdings to 4.66 million tokens and covers 3.86% of the total ETH supply. The company has now increased its pace of buying for three consecutive weeks, increasing from the previous average of around 50,000 tokens per week. However, the firm still holds an estimated $7 billion in unrealized ether sales.
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