Why BitMine’s Selloff May Be Missing the Bigger Story
The company said the purchase was its biggest weekly buy of 2026 and came as Ethereum traded 63% below its August 2025 peak.
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The World's Biggest Ethereum Treasury Company Just Bought the Dip on Ethereum. Should You?
Key PointsBitmine owns a lot of Ethereum, and it just bought more.That doesn't change the fact that sentiment about the coin is abysmal right now.Nor does it do much to support the investment thesis for buying Ethereum.10 stocks we like better than Ethereum › Bitmine Immersion Technologies (NYSE: BMNR), the largest corporate holder of Ethereum (CRYPTO: ETH), announced on June 8 that it had bought 126,971 ETH for roughly $214 million, its biggest…
Bitmine Immersion (formerly known for its ticker BMNR) has gone from being a small Bitcoin miner to becoming the world’s largest corporate treasurer of Ethereum. The company now declares a position of 5.62 million ether, valued at $9.65 billion, according to the latest report published in Seeking Alpha. But financing that massive purchase has not been free. To finance it, the firm has issued perpetual preferential shares, a move that raises doub…
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