Bitmine Immersion acquired 26,497 ether worth roughly $53 million in the most recent week, marking a sharp slowdown from its prior buying spree. The purchase increased the firm's total holdings to 5.42 million ETH.
Bitmine Immersion, the largest publicly traded Ethereum treasury firm, reduced its weekly accumulation by more than 75 percent. The company bought 26,497 ETH last week after purchasing 120,000 ETH the week before, according to its Monday update. The latest acquisition brings Bitmine's holdings to 5.42 million tokens, or 4.49 percent of Ethereum's circulating supply.
