Bitmine buys $41M in ETH as Lookonchain flags 25,000 ETH transfer on Wednesday

Bitmine purchased $41 million worth of ETH on Wednesday, including a 25,000 ETH buy around 11:22 a.m. ET, as it continues expanding its corporate Ethereum treasury. Over the past three days, the firm has accumulated 125,000 ETH worth about $205 million at current prices, while it has not yet officially confirmed the latest purchases. The company has also reported large unrealized losses on its ether holdings as ETH remains sharply lower in 2026.