Bitmine Immersion Technologies continued its strategy of systematically building up corporate Ethereum reserves, acquiring 9,946 coins in the last reporting week. This step marks the consistent implementation of the course adopted on June 30, 2025, when the organization officially switched from bitcoin mining activities to the formation of a large treasury based on the second largest cryptocurrency. Despite the fact that the intensity of purchases has decreased compared to June, when the volume of one-time purchases exceeded 52,000 coins, regular replenishment of the balance sheet confirms the long-term nature of management's investment intentions, which are not focused on short-term market fluctuations.

As a result of recent operations, Bitmine's total reserves have reached 5.8 million units of Ethereum, which allows the company to maintain the status of one of the largest corporate holders of this asset. At the same time, the current market valuation of the formed portfolio remains lower than the total cost of its acquisition, since the average purchase price of coins is approximately twice the current exchange rate. However, the recorded unrealized losses did not affect the company's commitment to the chosen strategy. Management maintains an ambitious goal of concentrating up to 5 percent of the total supply of Ethereum on its balance sheet, which will require further large-scale increases in reserves.

This asset concentration strategy allows Bitmine to have a significant impact on the structure of corporate demand in the Ethereum segment. The continuation of accumulation programs in conditions of downward or lateral market dynamics indicates that management considers current price levels solely as an intermediate stage of the market cycle. This approach eliminates the possibility of forced asset sales and indicates the organization's confidence in the long-term fundamental value of Ethereum, which should occupy a central place in the company's financial architecture.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.