Bitmine Buys Another 40,000 ETH: Can Tom Lee's Whale Accumulation Lift the Ethereum Price?
Key TakeawaysBitmine Immersion (BMNR) received another 40,000 ETH worth about $71.6 million from FalconX and Kraken on July 8, 2026, according to onchain data tracked by Lookonchain.The transfer follows an officially disclosed purchase of 42,197 ETH last week and pushes the largest Ethereum treasury company closer to its target of owning 5% of all ETH.As of its July 5 update, Bitmine held 5.74 million ETH, about 4.8% of circulating supply, with total crypto and cash holdings near $11.1 billion a