On June 8, Bitmine Immersion (BMNR) closed up 5.97% at $16.85. The company disclosed it purchased 126,971 ETH last week, its largest weekly buy of 2026, raising total holdings to 5.54 million ETH or 4.59% of total supply. Chairman Thomas Lee said the ETH pullback does not reflect strengthening fundamentals. Bitmine also plans to issue 9.5% preferred shares to fund further accumulation, mirroring Strategy's "buy with equity" playbook.
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