BitMine Buys 45,759 ETH Amid 48% Q4 Stock Drop

BitMine Immersion Technologies, a leading corporate holder of Ethereum, continued its aggressive accumulation strategy by purchasing an additional 45,759 ETH last week, bringing its total holdings to approximately 4.37 million ETH valued at around 8.7 billion. The move occurred amid a broader decline in the company's stock price, which has fallen more than 48 percent in the fourth quarter of 2025 and about 60 percent over the past six months, trading near 19.90 as of recent market activity.

The purchase, executed at an average price of 1,992 per ETH, underscores BitMine's long-term commitment to building one of the largest Ethereum treasuries despite market volatility. Company data indicates the acquisition cost about 260 million, adding to reserves that now include combined cash and cryptocurrency assets worth nearly 9.6 billion. This strategy positions BitMine as a key player in corporate crypto exposure, with its market net asset value ratio remaining above 1, which supports ongoing financing flexibility for further investments.

However, the stock's downward trajectory contrasts sharply with these treasury expansions. Since mid-February 2026, shares have dropped over 8...