Bitmine acquires 27,562 more ETH, marking 68 consecutive weeks of buying

Blockchain infrastructure firm Bitmine (NYSE: BMNR) has purchased an additional 27,562 ETH, extending its streak of weekly acquisitions to 68 weeks. The company now holds nearly 6 million ETH, representing approximately 4.9% of the total supply, with total assets reaching $17.1 billion. Bitmine generates significant revenue through its staking operations, with annual yields projected to reach up to $421 million. Chairman Tom Lee remains bullish, predicting that institutional investors will increase their crypto allocations in the fourth quarter as capital rotates from AI back into digital assets.