BitMine Immersion Technologies continues to strengthen its institutional investments in Ethereum. According to on-chain data, the company has collected approximately $83.6 million worth of $ETH.
Arkham Intelligence data showed Bitmine purchased 20,000 bits $ETH Through brokerage firm FalconX. On-chain analytics platform Lookonchain reported that the company purchased an additional 20,000 $ETHthis time through BitGo during a similar period. At the time of these trades, Ethereum was trading around $2,090.
With this purchase, Bitmine’s assets increased to 4,325,738. $ETH As of last weekend (approximately $9.14 billion).
The company previously announced it had purchased 40,613 shares. $ETH For the week ending February 8, it achieved 72% of its goal of capturing 5% of Ethereum’s circulating supply.
However, $ETH Although the price is still about 57% below its August 2025 peak of $4,946, Bitmine management sees this decline as an opportunity. The company’s CEO, Tom Lee, said that despite the price drop, Ethereum’s network usage has reached record levels.
Bitmine also announced that it is investing approximately 67% of its total assets. $ETH It has annual revenue of $202 million.
“The best opportunities in crypto often come after a dip,” Lee said, describing these levels as “attractive entry points.” Bitmine stock (BMNR) rose 4.79% to close at $21.45 on Monday, but is still down 28.64% over the past month.
*This is not investment advice.
