Bitmine Immersion Technologies has aggressively accumulated over 4.37 million Ethereum, now controlling more than 3.6% of the total supply. The company is 72.3% toward its goal of owning 5% of all ETH, continuing its buying spree despite a weak market to lower its average purchase cost for a long-term strategic position.
Bitmine Immersion Technologies (BMNR) has rapidly increased its Ethereum holdings, now controlling over 3.6% of the total supply. Its total holdings have reached about 4.37 million ETH, placing it 72.3% of the way toward its plan to own 5% of all ETH.
The company first entered crypto in June 2025 by purchasing Bitcoin, but its focus shifted decisively to Ethereum the following month. It made three major purchases totaling more than 566,000 ETH when the asset was trading around $2,900.
Bitmine’s accumulation became increasingly aggressive through the second half of 2025, adding hundreds of thousands of ETH each month. The buying continued into 2026, with the company purchasing another 128,160 ETH in the first three weeks of February alone.
This strategy reflects a long-term bet that the current weak market phase is an opportunity. It represents a long-term bet that the current weak market phase is an opportunity before a potential future supply shortage driven by institutional demand.
Bitmine’s stock was trading at $20.13, up 0.85%, while ETH was priced around $1,972.55 after a major pullback. Other companies are also building positions, though on a much smaller scale than Bitmine.
SharpLink has accumulated 864,840 ETH and is actively increasing its holdings. GameSquare holds 15,630 ETH, showing more companies are beginning to see Ethereum as a long-term strategic asset.
