Update
Bitmine Adds 12,535 ETH to Treasury
Bitmine Immersion Technologies, a NYSE-listed company, added 12,535 ETH worth about $30 million to its treasury, bringing its total holdings to 6,041,481 ETH, valued at roughly $14.3 billion. This extends a weekly buying streak since June 30, 2025, and brings Bitmine 99% of the way to its goal of owning 5% of the Ethereum network, a target it calls the 'Alchemy of 5%'. Chairman Tom Lee attributes the purchase to a market-wide selloff and a broad contraction in risk appetite, citing concerns over AI funding, model safety, and geopolitical tensions.