**Bitmine Buys More Ethereum Amid Market Downturn, Boosting Treasury to $8.5B** Las Vegas-based tech firm adds 51K ETH over a week; now controls 3.66% of
**Global Tech Firm Bitmine Boosts Ethereum Treasury Amid Market Downturn**
- *Las Vegas-based company now controls 3.66% of total Ether supply*
In a week marked by a nearly 5.6% drop in the value of Ethereum, BitMine Immersion Technologies has increased its Ethereum treasury to 4,422,659 million tokens, securing control of 3.66% of all Ether in circulation.
**Ethereum Prices Plunge, But BitMine Buys More**
- *Company's recent acquisition adds 51,162 ETH over the past week*
Despite Ethereum trading around $1,861, the world’s second-most valuable cryptocurrency, hitting a more than two-week low earlier today at $1,845 before slightly rebounding, BitMine continued its acquisition strategy. The company bought an additional 51,162 ETH over the past week, equivalent to roughly $98 million at current prices.
**BitMine's Ethereum Treasury Valued at Approximately $8.5 Billion**
- *Company ranks as second-largest publicly traded crypto treasury*
With this recent acquisition, BitMine’s Ethereum treasury is now valued at approximately $8.5 billion based on current market prices. This strengthens Bitmine’s top spot among global Ethereum treasury firms, the company stated. Additionally, BitMine ranks as the second-largest publicly traded crypto treasury, trailing only MicroStrategy, led by Bitcoin permabull Michael Saylor.
**BitMine's Rationale for Ethereum Accumulation**
- *Three key factors supporting Ethereum’s long-term potential*
In a statement, BitMine Chairman Tom Lee cited three key factors supporting Ethereum’s long-term potential amid the ongoing market slump: Wall Street's push for tokenization, the use of smart blockchains in AI applications for execution and payments, and the creator economy's shift toward blockchain-based verification.
**Major Wall Street Backing for Bitmine Immersion Technologies**
- *11 largest shareholders added to their stakes during Q4 2025*
Despite the accumulation, BitMine is currently deeply underwater on its Ether stack. Notably, despite the downturn, Bitmine Immersion Technologies continues to attract major Wall Street backing. Its 11 largest shareholders—including Morgan Stanley, Charles Schwab, ARK Investment Management, and BlackRock—added to their stakes during Q4 2025.
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