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CryptoMediumUpdated•Originally published 29 September 2026•Updated 29 September 2026•
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Bitmine Immersion Stock Dips as ETH Treasury Surpasses 6 Million Milestone

Key Facts

1Bitmine Immersion Technologies shares fell approximately 3% following the announcement of its latest Ethereum acquisition.
2The company purchased 17,362 ETH over the preceding seven-day period, bringing its total holdings above 6 million tokens.

Bitmine Immersion Technologies shares fell approximately 3% following the announcement of its latest Ethereum acquisition. Blockonomi reported that the company purchased 17,362 ETH over the preceding seven-day period, bringing its total holdings above the 6 million token milestone for the first time.

BMNP closed at $99.16 on September 28, 2026, amid a market reaction characterized as "sell the news" despite the company's liquid treasury assets reaching $17.2 billion. According to company disclosures, these holdings now represent approximately 5% of Ethereum's circulating supply, marking 98% completion of its strategic target.

Latest Updates · 1

  1. Notable·

    Update: The remaining financial gap to reach the Ethereum acquisition target is approximately $280 million. The company currently holds $672 million in reported cash and securities, providing sufficient liquidity to cover the remaining capital requirements for its strategy.

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