Bitmine Immersion Technologies (BMNR) has intensified its Ethereum accumulation to seize on market dips. Despite a sharp decline in Ethereum's value, which has plummeted to $2,100 amid concerns over lost support levels, BMNR has invested an additional $95 million, now owning 3.92% of the total ETH supply with significant purchases in recent weeks. This aggressive strategy, aimed at reaching a 5% ownership goal, has resulted in approximately 40% shareholder dilution due to new share issuance. Nevertheless, BMNR's robust treasury and staking activities continue to generate substantial revenue, reflecting confidence in Ethereum's long-term potential.
Bitmine's rapid Ethereum acquisition, funded by new share issuance, has resulted in shareholder dilution and a decline in ETH per share. Despite this, the company maintains substantial staked ETH generating significant annualized revenue and continues to make large new purchases.
Agreed-upon facts
Shareholder dilution from aggressive ETH accumulation
Annualized revenue from Ethereum staking
Recent large-scale Ethereum purchases
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Bitmine Immersion Technologies is rapidly accumulating Ethereum, recently adding 71,179 ETH in a week and 117,000 ETH in two days, bringing total holdings to 4.73 million ETH. The company has a robust $10.7 billion treasury, primarily ETH, and aims to own 5% of the total ETH supply, with potential for increased staking revenue.
Agreed-upon facts
Recent Ethereum Acquisitions and Current Holdings
Where narratives collide
No material split surfaced for this cluster—sources align on the core read.
Where sources say this may head next
Strategic Goals and Future Revenue Potential
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