Bitmine Immersion (BMNR), the largest holder of Ethereum, purchased 7,391 Ethereum last week, valued at approximately $14.2 million, bringing its total holdings to over 5.8 million Ethereum, which accounts for about 4.8% of the total Ethereum supply. This was the company's smallest single-week purchase this year, significantly lower than previous weekly acquisitions of over 100,000 coins. Tom Lee, Chairman of Bitmine, stated that after approaching its goal of holding 5% of the total Ethereum supply, the company will slow down its cryptocurrency accumulation and shift towards stock buybacks. Last week, Bitmine repurchased 3 million shares of its stock, valued at approximately $50 million to $58 million. Since July, the company has repurchased 19.1 million shares. Lee also noted that although the CLARITY Act failed to secure a Senate vote before the August recess, financial markets are more focused on recent weak inflation and employment data. He anticipates that the probability of the Federal Reserve raising interest rates at its September meeting has decreased from 75% two weeks ago to 40%, and these looser financial conditions will benefit the crypto market.