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.