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A treasury strategy, in the simplest terms, is a decision to hold a specific asset the way most corporations hold cash, treating it as the company's primary store of value on the balance sheet.
Bitmine Immersion Technologies has run one built entirely around Ethereum ($ETH) since June 2025, and last week it added 28,086 tokens at a cost the company put at roughly $70 million, based on a reference price of $2,495 per token.
Bitmine did not disclose its actual acquisition price. The purchase brings total holdings to 5.93 million ETH, which the company values at approximately $14.8 billion as of September 7.
Combined with 211 bitcoin, $593 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $91 million stake in Eightco Holdings, Bitmine puts its overall portfolio at $15.7 billion.
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