Newsgather

BitMine Immersion Technologies

Steady16 stories3 sourcesLast updated: 15h ago

Latest Stories

BitMine Reaches 5 Million ETH Milestone with Record Weekly Purchase
NEWS
4/27/2026AI summary

BitMine Reaches 5 Million ETH Milestone with Record Weekly Purchase

BitMine Immersion Technologies, the largest Ethereum treasury company by holdings, acquired 101,901 ETH over the past week—the largest weekly purchase of 2026—pushing total holdings past 5 million ETH (~$11.75B). The purchase included a 10,000 ETH over-the-counter transaction from the Ethereum Foundation. Chairman Tom Lee called it a major milestone toward acquiring 5% of ETH supply, achieved in just 10 months.

D
Decrypt
Ethereum Foundation Sells 10,000 ETH to BitMine for $23.87M
NEWS
4/24/2026AI summary

Ethereum Foundation Sells 10,000 ETH to BitMine for $23.87M

The Ethereum Foundation finalized the sale of 10,000 ETH to BitMine Immersion Technologies at an average price of $2,387 per ETH, totaling $23.87 million. This marks the Foundation's second treasury sale to the publicly traded firm, following a 5,000 ETH sale in March. The sale funds the Foundation's core operations including protocol R&D and ecosystem development. BitMine holds over $11.5 billion in Ethereum but faces an unrealized loss exceeding $6 billion due to ETH's price decline from its summer peak of $4,946.

D
Decrypt