Bitmine Expands Ethereum Treasury As Valuation And Momentum Send Mixed Signals

March 3, 2026

Bitmine Immersion Technologies acquired 50,928 ETH, taking its total Ethereum holdings to more than 4.4 million.
The move reinforces Bitmine’s role as a large Ethereum treasury and expands its exposure to ETH staking.
The company, which trades as NYSEAM:BMNR, last closed at $19.57.

Bitmine Immersion Technologies (NYSEAM:BMNR) is leaning further into its Ethereum-focused model with this large purchase of ETH. The company already positions itself as an Ethereum treasury play, and this move…