Overview
Bitmine Immersion Technologies, the largest publicly traded Ether treasury, disclosed that its Ether holdings surpassed the 6‑million‑token mark this week. The milestone follows a fresh round of purchases totaling $46 million.
Purchase Details
The company said it acquired additional ETH worth $46 million, bringing its total Ether balance to 6,001,302 ETH. This figure was taken from its latest treasury update.
Valuation Impact
At a recent Ether price of $2,681, the 6‑million‑plus ETH stack is valued at just above $16 billion. Bitmine emphasized that this makes it the biggest corporate Ether reserve on the Nasdaq.
Market Context
The purchase adds to a broader trend of institutional accumulation of Ethereum, even as Bitcoin‑focused products dominate headlines. No changes were reported in Bitmine’s Bitcoin or other altcoin exposures.
Market context
Market data reflects conditions at publication time and is not updated in real time.
Data captured at: Sep 29, 2026 07:50 (Tehran)
Likely market impact
| Segment | Outlook |
|---|---|
| Bitcoin | ● Neutral |
| Ethereum | ▲ Bullish |
| Altcoins | ● Neutral |
| Short term | ▲ Bullish |
| Long term | ▲ Bullish |
Spot prices at publication
Fear & Greed Index
Chart
Source: Bitcoin.com News