BitMine Immersion Technologies ETH Position Strengthens Amid Broader Crypto Weakness
BitMine Immersion Technologies disclosed another weekly ether purchase even as spot prices for major assets moved lower on the latest CoinGecko snapshot.
While Bitcoin corporate treasury stories center on large BTC purchases, BitMine Immersion Technologies has kept its focus on Ethereum through a string of weekly additions that now place the company close to its internal target.
CoinGecko data from Tuesday afternoon showed BTC at 76889 USD after a 2.62 percent decline over the prior 24 hours, ETH at 2438 USD after a 3.81 percent drop, SOL at 100.01 USD after a 3.05 percent decline, and DOGE at 0.082093 USD after a 3.29 percent slide. The price action left majors ranging in a narrow band with limited follow-through on either side.
Holdings Update
BitMine Immersion Technologies reported 5,956,378 ETH on its balance sheet as of September 13 at approximately 5:30 pm ET. That figure came after the addition of 27,180 ETH during the preceding seven days, bringing the stack to roughly 4.9 percent of Ethereum supply. The company has executed these purchases every week since the strategy began in June 2025.
The total value of crypto, cash, securities, and stakes reached about 15.8 billion USD. That total includes 212 BTC along with roughly 549 million USD in cash and securities, an 180 million USD stake in Beast Industries, and a 98 million USD position in Eightco.
Staking Detail
About 85 percent of the ETH, or roughly 5.07 million tokens, sits staked through MAVAN. At the prevailing 2.62 percent seven-day yield the position generates an indicated annualized run rate near 334 million USD, though the figure remains price and yield dependent. Full staking of the treasury would lift that projection toward 392 million USD.
The filings frame the effort as progress toward an internal Alchemy of 5 percent goal, placing the current holdings at about 98 percent of that mark. No claim is made that the threshold has already been crossed.
Market Context
The latest price levels arrive against a backdrop of modest red candles across spot majors. Traders watching the chart see ETH holding near 2438 USD with volume remaining orderly rather than spiking. The broader session left alts chopping in sympathy with BTC rather than breaking out on their own.
Corporate treasury activity of this kind sits apart from spot ETF flows or single-day prints. BitMine continues to accumulate through its weekly cadence regardless of the short-term direction of the market.
Filing and Disclosure
The update arrived via a September 14 announcement and corresponding 8-K. Sources including Decrypt, PR Newswire, and CryptoPotato referenced the same corporate disclosure. The data aligns with the CoinGecko snapshot taken the following day.
BitMine Immersion Technologies now ranks as the largest corporate Ethereum treasury and the second-largest corporate crypto treasury overall. The distinction matters because the holdings sit in actual tokens rather than derivatives, with the majority already deployed in staking.
The steady weekly cadence offers a clear view of how one listed company is translating its balance-sheet strategy into visible position growth even while spot prices move modestly lower.