Bitmine Buys $125M Worth of $ETH Bitmine Immersion Technologies continues to accumulate Ethereum during the recent price decline, moving closer to its ambitious target of holding 6 million ETH. The latest move comes as $ETH has dropped nearly 15% over the course of May, reflecting weaker market sentiment and renewed concerns tied to geopolitical tensions between the U.S. and Iran. Despite the downturn, Bitmine sees the correction as an opportunity to build its position. The company recently purchased an additional 60,000 ETH, worth approximately $125.9 million, during the ongoing price pullback. This adds to its continuous accumulation strategy while the market remains volatile. However, this latest purchase is slightly lower than the 71,000 ETH acquired in the previous week. Even so, the consistent buying activity suggests Bitmine is steadily increasing exposure during weaker price conditions. ETH is currently trading around the $2,000 level, after declining nearly 15% in May. According to Tom Lee, the pullback represents a strategic accumulation zone as the company works toward its long-term goal of holding 6 million $ETH. Bitmine currently holds around 5.3 million $ETH. If the firm maintains its weekly accumulation pace of 60,000–100,000 ETH, it could reach its target within the next two to three months. Notably, around 90% of Bitmine’s $ETH holdings are staked, indicating that most of its assets are actively generating yield rather than remaining idle. Overall, Bitmine continues to aggressively accumulate $ETH during market weakness, reinforcing a strong long-term bullish positioning strategy despite short-term volatility. #CoinMoveAlert #CFTCDefendsPredMarkets #EFvsBitMineETHBet $ETH