BitMine Increases Ethereum Holdings Amidst Significant Portfolio Decline

Community Trust Score Verified 94 % Real Verified 31 votes Updated 25 minutes ago What happened BitMine Immersion Technologies just bought another 12,532 Ether. That purchase pushed its total holdings to roughly 6,028,946 ETH — which works out to about 4.9% of the entire Ethereum supply. Pretty close to the finish line. But here’s the uncomfortable part: even as the company piles up more coins, its overall portfolio is shrinking fast. Total crypto assets, cash, and strategic holdings dropped from $17.4 billion to $16.2 billion in a single week. That’s a $1.2 billion hit.