BitMine (NYSE: $BMNR) purchased an additional 60,000 Ethereum (CRYPTO: $ETH) over the past week as the price languished near $2,000 U.S.
In a social media post, BitMine said that it bought 60,000 ETH worth $126 million U.S. in recent days, extending its accumulation of the second-largest cryptocurrency.
BitMine, led by Chairman Tom Lee, now owns 5.2 million Ethereum valued at $11.1 billion U.S. based on current market prices.
• Ripple, The Company Behind XRP, Is Valued At $50 Billion
The Ethereum treasury company has continued to accumulate ETH as the price has languished near $2,000 U.S., which is about 60% below its August 2025 record high of $4,953 U.S.
Lee has said previously that ETH’s price below $2,200 U.S. is an attractive entry point for the digital asset. Ethereum is currently trading at $2,137.89 U.S.
The latest purchase by BitMine comes as the firm was named to the preliminary list of companies being considered for inclusion in the Russell 1000 Index this June.
The Russell 1000 is an index that tracks the 1,000 largest publicly traded companies in the U.S. by market capitalization.
Being added to the index could give BMNR stock a boost as exchange-traded funds (ETFs) and mutual funds that track the performance of the Russell 1000 index would buy the stock.
BMNR stock has declined 40% this year to trade at $18.88 U.S. per share.