Bitmine Has Increased Its Corporate Ethereum Reserves
Bitmine Immersion Technologies continues to aggressively accumulate Ethereum (ETH) for its corporate reserves, despite the current market value of its holdings being significantly below its average purchase price. Last week, the company added 9,946 ETH. This follows a massive purchase of over 52,000 ETH in June, after which the pace of accumulation slowed but regular buying continued.
The accumulation program began on June 30, 2025, marking a strategic shift for the company from primarily Bitcoin mining to building a major treasury based on Ethereum. Bitmine's stated long-term goal is to hold 5% of Ethereum's total supply.
Following the latest purchase, Bitmine's reserves have grown to 5.8 million ETH. However, the company's average acquisition cost is nearly double the current market price, meaning its position is currently at an unrealized loss. Despite this, management remains committed to the strategy, viewing current prices as a temporary phase and not a reason to sell. This persistent accumulation solidifies Bitmine as one of the largest corporate holders of ETH and a significant influence on institutional demand for the cryptocurrency.
cryptonews.ru2 gün önce 14:06