Bitmine Immersion Technologies plans to become a major player in the field of blockchain and artificial intelligence following the news shared by the company’s chairman Tom Lee that the company intends to acquire 5% of Ethereum’s total supply.
The idea is that Ethereum will become a core infrastructure layer for all future AI-related applications built on the blockchain.
Source: strategicethreserve.xyz
According to Lee, Ethereum will play a crucial role as institutional investors will start to buy up both AI and blockchain technologies. Bitmine got included in the Russell 1000 Index recently which made it NYSE-listed. With the help of such a big Ethereum treasury strategy as well as AI-related activities, Bitmine will position itself around the two fast-growing technology themes.
Bitmine’s ETH buying spree continues.
The company now needs only 507,000 $ETH to reach its goal of owning 5% of Ethereum’s circulating supply. 🤯 pic.twitter.com/suh3aKwapZ
— Wise Advice (@wiseadvicesumit) July 19, 2026
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