Bitcoin, Ethereum, Crypto News and Price Indices
Ether treasury company BitMine Immersion Technologies significantly increased its holdings of ETH during last week's market correction, indicating that it remains committed to its long-term strategy despite unexpected losses.
The company announced on Monday that it bought 40,613 Ether (ETH) last week, bringing its total holdings to more than 4.326 million ETH, worth an estimated $8.8 billion at current prices.
Despite the stock, BitMine is currently deep in the water on the Ether platform, according to DropsTab data.
A significant part of his holdings is 2,873,459 ETH, attached to the Ethereum network. Staked ETH is locked to help secure the blockchain, and in return earns higher rewards paid out in additional Ether, providing the company with a product-based revenue stream.
The company announced on Monday that its total crypto holdings and “moonshots” are worth $10.0 billion. It ended the November 2025 quarter with digital assets valued at $10.6 billion, according to the filing.
While BitMine's treasury strategy has drawn criticism, the company continues to generate cash flow from Ethereum staking rewards and its existing Immersion-cooled data center operations, which provide services for high-performance computing infrastructure.
BitMine chairman Tom Lee, co-founder and chief investment officer of Fundstrat Global Advisors, defended the strategy, saying that the company was structurally designed to track the price of ether. As a result, portfolio and equity performance is expected to deteriorate during broader market downturns and recover with ETH price improvements.
That volatility is reflected in BitMine stock. Shares are down more than 31 percent in the past month and nearly 60 percent in the past six months.
Related: Crypto's stress test hits balance sheets as Bitcoin, Ether collapse.
Liquidations are increasing, but ether treasury companies are against selling
Ether's price, along with the broader crypto market, was hit by heavy liquidity after a flash crash in October led to a forced selloff of nearly $19 billion. Since then, prices have remained in a consistent downward trend, with selling pressure intensifying in several waves through November and again at the end of January.
As previously reported by Cointelegraph, long-term market stress has led Ether-based investment firm Trend Research to significantly reduce its exposure to ETH as part of a broader risk-management strategy.
Even so, most ethereum companies have so far resisted selling into weakness. Industry data shows that while no company besides BitMine Immersion Technologies has added Ether in the past 30 days, the more than two dozen firms that hold ETH on their balance sheets have mostly held their ground.
The only exception was Quantum Solutions, which dropped about 600 ETH in the same period, according to CoinGecko.
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