Bitmine Acquires $75 Million in Ether Amidst Institutional Underweight Claims

2026-09-25

Ethereum-centric treasury firm Bitmine has purchased $75 million worth of Ether. Concurrently, its chairman, Tom Lee, asserts that institutional investors remain underweight in the cryptocurrency market.

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Ethereum-centric treasury firm Bitmine has purchased $75 million worth of Ether, bringing its holdings closer to 5% of Ethereum's total supply. The firm's chairman stated that institutional investors remain underweight in the cryptocurrency market.

Key facts

Bitmine acquired $75 million in Ether.
Bitmine's total investments reportedly stand at $17.1 billion.
Bitmine now holds over 4.9% of Ethereum's circulating supply.
The firm's chairman believes institutional investors are underweight in crypto assets.
The chairman suggested Ethereum's third-quarter performance might encourage institutional investment.

Source: CoinDesk

Reported by VERA Newswire.