BitMine Keeps Buying Bitcoin While Prices Drop

BitMine Immersion Technologies, a company that manages crypto assets for its own use and for others, added a large amount of Ethereum last week. They bought 40, 613 ETH during a market slump, pushing their total holdings over 4. 3 million tokens. At today’s prices that adds about $8. 8 billion to their balance sheet. The firm is still losing money on its Ethereum position, but it keeps a big chunk of the coins locked in staking. Staking means they lock ETH on the network to help keep it safe, and in return they earn extra Ether. That gives BitMine a steady stream of income from the blockchain itself. BitMine says its total crypto holdings, cash and other investments are worth $10 billion. The company’s report from the end of 2025 shows digital assets at $10. 6 billion.Critics point out that the company’s strategy is risky, especially when Ethereum falls. BitMine’s chairman says this risk is part of the plan: the company’s value should fall with Ethereum and rise when it does. That explains why its shares have dropped 31 % in the last month and 60 % over six months. The price of Ethereum has been under pressure since a flash crash in October that forced about $19 billion worth of sell‑offs. Prices have stayed low, and many traders are still selling. Yet most companies that hold Ethereum on their books are not liquidating. Only a few, like Quantum Solutions, have sold small amounts. BitMine continues to hold its Ethereum and even buys more during downturns. The company also makes money from running high‑performance data centers that use cooling technology it invented.