Bitmine Immersion Technologies has increased its Ether holdings by 28,086 ETH, a purchase valued at approximately $69.5 million. This acquisition brings the company's total holdings to 5.93 million ETH, acquired at an average price of $2,495 per coin.
The company has now completed 97% of its goal to acquire 5% of the total Ether supply within a 15-month period. With a recent additional purchase of 53,501 ETH, the company's holdings now represent 4.9% of the 120.7 million circulating supply of Ethereum.
Bitmine reports total assets of $15.7 billion, which includes $593 million in cash, marketable securities, and other crypto assets. Additionally, the company holds 5.1 million staked ETH, which is projected to generate $330 million in annualized staking revenue.
Despite being the largest publicly listed Ether treasury, Bitmine is facing $5.1 billion in unrealized losses on its ETH holdings. This comes as Ether's price has declined by 16% since the start of 2026, with the asset trading at $2,469 on Tuesday.
