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Your Personal Daily Intelligence
Edition 2026-08-30

CRYPTO

Bitmine Extends 14-Month Ether Buying Streak as Ether Price Surpasses $2,500

Bitmine Immersion Technologies added 32,447 Ether (ETH) last week, raising its total holdings to 5,847,611 ETH, or about 4.8% of the circulating supply, as Ether rose above $2,500.

By cointelegraph · 56d ago · Source: cointelegraph

Full article

Bitmine Immersion Technologies added 32,447 Ether (ETH) last week, raising its total holdings to 5,847,611 ETH, or about 4.8% of the circulating supply, as Ether rose above $2,500. The company has purchased Ether weekly since it launched its Ethereum treasury strategy on June 30, 2025, extending the streak to roughly 14 months. Its NYSE‑traded shares opened the week up about 8.7%, contributing to a roughly 28% gain over the past six months. Bitmine has staked 5.07 million ETH, representing about 87% of its holdings, and reports combined crypto, cash, securities and other investments of $14.9 billion. The firm’s paper losses on ETH fell to under $5 billion from about $8.4 billion a week earlier, according to DropsTab. The price rebound has narrowed Bitmine’s unrealized losses, but the company continues to accumulate ETH amid ongoing market volatility.

Source transparency

Publisher
cointelegraph
Reliability
high
Published
8/30/2026, 10:00:52 AM
Retrieved
8/30/2026, 10:00:52 AM
Relevance
80%
Confidence
85%
Read original at cointelegraph

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