Bitmine Immersion Technologies, the largest public corporate holder of the airwaves, took advantage of the market correction to expand its position: the company acquired another 126,971 ETH worth $207 million. It now has at its disposal 5,543,872 coins, representing 4.59% of the total volume of ether in circulation. To achieve the "Alchemy 5%" target (5% emission control), about 490,000 ETH remains to be purchased.

Bitmine Chairman Tom Lee explained the acceleration of purchases by the decline: over the week, the airtime was 14.3%, to $1,684, which is 66% lower than the historic high of August 2025. Lee is convinced that the current sale does not reflect the fundamentals of the Ethereum network, and that the development of artificial intelligence, on the contrary, should boost demand for decentralized blockchain. His long-term forecast is $250,000 per coin.

Most of the company’s reserves (85%, or 4,718,677 ETH for ~$7.7 billion) are placed in steakhouse. At the current rate of return, annual revenue from this activity is estimated at $230 million, and launching its own MAVAN (Made in America Validator Network) program could increase it to $270 million. Total crypto and monetary assets of Bitmine amounted to $9.6 billion, including $247 million in fiat, a stake in Beast Industries ($180 million) and a stake in Eightco Holdings ($88 million), which is considered indirect access to OpenAI developments. To finance further TV purchases, the company plans to issue 3 million preferred shares with an annual return of 9.5%.