BitMine Expands ETH Treasury with $45M Purchase as Holdings Top 2M
BitMine Immersion Technology (BMNR), widely recognized for its role in digital asset mining, has expanded its ETH treasury with a fresh acquisition in the ahead hours of September 9.
According to blockchain tracking platform Lookonchain, the company added 10,320 Ether to its portfolio in the past day, valued at $44.57 million. This purchase increases BitMine’s total holdings to more than 2 million Ether, worth approximately $8.94 billion at current prices.
BitMine now controls the largest Ether treasury of any entity in the market, representing 1.74% of the entire Ether supply. Data from shows this amount accounts for more than 50% of the 2.85% of supply collectively held by companies.
For context, BitMine has overtaken SharpLink in Ether treasury size, , based on the latest readings.
The announcement, however, did not trigger strong investor enthusiasm. Shares of the company, traded under the ticker BMNR, maintained a stagnant performance on the charts. At press time, BMNR was trading at $44.32, reflecting a monthly gain of 5.43% but showing little reaction to the ETH purchase.
Despite this muted response, notable investors remain optimistic. worth of BMNR stock on September 6, following a . The repeated purchaseing signals continued confidence in the company’s long-term trajectory.
Meanwhile, Ether itself showed a subdued performance in the identical period. The asset moved only 0.98% over the past day, trading at $4,288 at press time.
