Bitmine Immersion Technologies (BMNR) added over 170,000 ETH to its holdings on February 27, 2026. The purchase occurred as Ethereum prices retreated and failed to sustain levels above $2,200.
This move reinforces the company's stated strategy to operate as a leading Ethereum treasury for investors. Management cited strong conviction in the asset's long-term value despite the recent market pullback.
Bitmine expanded its core position by capitalizing on the current period of market fear. The company utilized the price dip to increase its total holdings.