$91M Ethereum Buy: Bitmine Immersion Bets Big On ETH Even As Market Volatility Persists

Bitcoinist02-19 09:00

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With shifting narratives and waning ETF flows, the Ethereum price remains under heightened bearish ...

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Ad Disclosure\n\nWith shifting narratives and waning ETF flows, the Ethereum price remains under heightened bearish ...</p>\n\n<a href=\"https://bitcoinist.com/91m-ethereum-buy-from-bitmine/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETHV","symbol_name":"以太坊ETF-VanEck","start_time":0,"source_url":"https://bitcoinist.com/91m-ethereum-buy-from-bitmine/","article_id":"2612247121","we_media_id":null,"thumbnails":["https://bitcoinist.com/wp-content/uploads/2026/02/Ethereum-from-Pixabay-1.jpg?resize=350%2C250"],"rights":{"source":"bitcoinist_highlight","url":"https://bitcoinist.com/91m-ethereum-buy-from-bitmine/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2612247121","pubTimestamp":1771462841,"columns":[],"sourceInfo":{"source_id":"bitcoinist_highlight","name":"Bitcoinst"},"weMediaInfo":null,"summary":"With shifting narratives and waning ETF flows, the Ethereum price remains under heightened bearish pressure, keeping it just slightly below...","collect":0,"end_time":0,"defaultTopTitle":"bitcoinist.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETHV":"以太坊ETF-VanEck","EZET":"以太坊ETF-Franklin","ETHW":"以太坊ETF-Bitwise","YETH":"Roundhill Ether Covered Call Strategy ETF","ETH":"低成本以太坊ETF-Grayscale","SETH":"1倍做空以太币期货ETF-Proshares","ETHA":"以太坊ETF-iShares","ETHD":"ProShares UltraShort Ether ETF","FETH":"以太币ETF-Fidelity","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","ETHE":"最大以太坊ETF-Grayscale","QETH":"以太坊ETF-Invesco Galaxy","ETHI":"Defiance Leveraged Long Income Ethereum ETF","BTF":"比特币&以太币期货ETF-CoinShares","EETH":"以太币期货ETF-ProShares","ETHT":"ProShares Ultra Ether ETF","ETCO":"Grayscale Ethereum Covered Call ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","ETHU":"2倍以太币期货ETF-Volatility Shares"},"translate_title":"以太币斥资9100万美元收购：尽管市场波动持续，Bitmine Immersion仍在ETH上押注巨大","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETHV":0.6,"FETH":0.6,"ETCO":0.6,"ETQ":0.6,"EZET":0.6,"YETH":0.6,"ETHD":0.6,"ETHU":0.6,"ETH":0.6,"ETHE":0.6,"ETU":0.6,"ETHW":0.6,"EETH":0.6,"SETH":0.6,"ETHA":0.6,"QETH":0.6,"ETHI":0.6,"BTF":0.6,"ETHT":0.6},"content_text":"Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nWith shifting narratives and waning ETF flows, the Ethereum price remains under heightened bearish pressure, keeping it just slightly below the $2,000 level. While price has declined sharply, Bitmine Immersion does not seem to be swayed by the pullback as the company makes another big strategic bet on the leading altcoin.\nBitmine Doubles Down On Ethereum With A $91 Million Investment\nInstitutional sentiment and interest in Ethereum are starting to show signs of renewed strength, with the recent large purchases of the altcoin. At the heart of this underlying strength is Bitmine Immersion, a leading ETH treasury company, following its most recent significant ETH buy.\n\n\n\n\n\n\nRelated Reading: Ethereum On Discount: On-Chain Tracker Flags Massive ETH Buys After Price Crash\nAmid this renewed bullish sentiment, a post published on the X platform by Milk Road, a macro expert and investor, shows that Bitmine is doubling down on its long-term future by acquiring another stack of ETH worth over $91 million. Even as market volatility continues to intensify, the treasury firm is still scooping up the altcoin at a massive rate, suggesting a strategic approach.\nMilk Road highlighted that the purchase was made despite the firm sitting on $8 billion in unrealized losses. The broader sentiment may still be fragile, but Bitmine continues to choose accumulation over caution as indicated by its steady purchase last week, ramping up 45,759 ETH at roughly $1,989 per token within the period.\nBitmine steadily accumulating ETH | Source: Chart from Milk Road on X\nFollowing its latest ETH purchase, Bitmine Immersion’s crypto holdings now boast a total of 4.37 million ETH. Interestingly, this figure represents approximately 3.6% of Ethereum’s entire circulating supply controlled by a single entity.\n\n\n\n\n\n\n\n\n\n\n\n\nConsidering ETH’s current price, the value of this massive stash is averaging down. Currently, the firm’s blended cost basis is sitting at the $3,821 level, which implies that a 90%+ bounce from the recent price levels is required to break even and flip the firm back into profit. \nETH Staking Now The Primary Means Of Generating Yield\nIn the meantime, their strategy remains on generating yield from their ETH staking while they wait, transforming a position that is now weak into useful capital. Over 3.04 million of their ETH is locked away in staking, which is the major long-term unlock. \n\n\n\n\n\n\n\n\n\n\n\n\nRelated Reading: Here’s How Ethereum Staking Transforms Into A Multi-Billion-Dollar Bet For Bitmine Immersion\nBitmine’s crypto holdings are not just made up of Ethereum. They also hold Bitcoin, $670 million in cash, and stakes in the Beast Industries run by the biggest and most popular YouTuber, Mr. Beast; a move that could see ETH get integrated into his new financial app.\nEthereum investors, especially retail holders, now have a publicly traded company with major skin in the game advocating for the altcoin’s success, and stress-testing whether Strategy’s MSTR model translates to ETH. With a single firm essentially locking up 3.6% of the supply with no plans to sell, this is known as a structural supply reduction that could play a role in shaping the market outlook.\nAt the time of writing, the price of ETH was trading at $1,998, demonstrating a nearly 2% rise over the past day. Within the same period, its trading volume has increased by more than 7%, according to CoinMarketCap’s data.\nETH trading at $2,004 on the 1D chart | Source: ETHUSDT on Tradingview.com\nFeatured image from Pixabay, chart from Tradingview.com\n\n\n\nEditorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. 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