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BitMine Immersion boosted its Ethereum holdings to 4.596 million ETH, staked 3.04 million, and saw stock surge 12% amid market downturn.
BitMine Immersion acquired 60,999 Ethereum in a week, boosting its total holdings to 4.596 million ETH—3.81% of the supply—and staked 3.04 million ETH, generating $180 million in annualized revenue.
The company, which holds $1.2 billion in cash and has a $1.2 billion stake in Eightco (ORBS), now offers the only public equity exposure to OpenAI via ORBS' investments.
Despite $6.5 billion in unrealized losses, BitMine expanded its treasury during a market downturn, with its stock surging 12% on an 8% ETH rally.
The firm also acquired 5,000 ETH from the Ethereum Foundation without selling into the market.
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BitMine Immersion aumentó sus tenencias de Ethereum a 4.596 millones de ETH, apostó 3.04 millones y vio una subida de acciones del 12% en medio de la caída del mercado.