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Bitmine Immersion Technologies added 28,086 Ethereum to its balance sheet over the past week, raising its total holdings to 5.93 million tokens.
As of September 8, 2026, the company's combined crypto and cash holdings are valued at $15.7 billion, with the Ethereum portfolio alone worth nearly $15 billion at a price of approximately $2,500 per token.
The acquisition occurred despite a significant decline in the asset's value over the previous twelve months. Ethereum is down 42% over that period, a trend that has resulted in unrealized losses for Bitmine's treasury.
In its Q4 FY25 disclosure, the company noted that ETH had fallen roughly 50% from its all-time high of $4,953 reached in August 2025.
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