BitMine Immersion Technologies has recently made a major move in the crypto markets by purchasing roughly 98,852 ETH, spending about $300 million to expand its Ethereum holdings. This latest acquisition brings the company’s total Ether treasury to around 4,066,062 ETH, making it one of the largest corporate holders of the cryptocurrency.
With this milestone, BitMine now controls approximately 3.37% of the circulating Ethereum supply, a sizable share for a publicly traded company. Despite the broader crypto market facing upward and downward swings, the firm continued to buy during a period when ETH prices dipped, demonstrating a long-term accumulation strategy.
The expanded treasury — valued at over $12 billion in Ether alone — is part of a broader $13.2+ billion portfolio that also includes Bitcoin, cash reserves, and other assets. BitMine’s leadership has emphasized this milestone as a key step toward their longer-term goal of capturing 5% of Ethereum’s total supply.
The company also highlighted its ongoing initiatives in infrastructure development, including plans related to Ethereum staking and network participation slated for 2026. BitMine’s significant trading volume and growing market presence reflect growing institutional interest in crypto treasury models.
