BitMine Immersion Adds $435M in Ether to Treasury, Cash Reserves Reach $1B
BitMine Immersion added roughly $435 million worth of Ether to its treasury in the most recent week, marking the firm’s largest weekly ETH inflow in over a month, according to Monday’s update. The allocation was sizable enough to register as a notable institutional purchase amid ongoing macro uncertainty and crypto market rotation.
The purchase pushed BitMine’s cash reserves to about $1 billion, giving the company greater balance-sheet flexibility for staking, operational needs, or further treasury management. For markets, a large institutional buy can reduce available liquid supply and reinforce positive sentiment around ETH, potentially supporting short-term price momentum. Ticker: ETH.