U.S. Crypto Firm BitMine Immersion Technologies Purchases $70 Million Worth of Ethereum

The U.S.-based cryptocurrency company BitMine Immersion Technologies (BMNR) has once again captured the industry’s attention after purchasing approximately US$70 million worth of Ethereum (ETH). This move was made as part of the company’s ongoing effort to strengthen its corporate treasury structure and expand its exposure to digital assets amid growing uncertainty in the crypto market.

According to a report published by Crypto Briefing on November 6, 2025, the acquisition is part of BitMine’s long-term strategy to build a portfolio of high-value digital assets, particularly during market correction phases.
This strategy is referred to as a “crypto treasury” approach a financial management model that positions cryptocurrencies as an alternative store of value beyond traditional instruments such as stocks or bonds.

Long-Term Commitment to Ethereum

Before this latest transaction, BitMine had already disclosed that it owned over 2% of the total circulating supply of Ethereum in the global market, with an estimated valuation exceeding US$10 billion in previous periods. This data reflects the company’s consistent strategy of establishing ETH as a core asset within its financial balance sheet.

BitMine emphasized that this purchase is not merely a speculative move, but rather a crucial step in its transformation toward a “Treasury Company” model, in which cryptocurrencies serve as the foundation for long-term financial management strategies.

The company also noted that its large ETH holdings will enable it to generate staking yields through Ethereum’s network validation mechanism, even though some of its staking processes have not yet been fully activated for public participation.

Confidence in Ethereum’s Strategic Role

BitMine’s management believes that Ethereum holds a strategic position in the development of the Web3 ecosystem, smart contracts, and decentralized finance (DeFi). Therefore, maintaining substantial ETH reserves is considered a long-term competitive advantage that can enhance the company’s overall enterprise value in the future.

However, several analysts have cautioned that this strategy also carries significant concentration risks, as overexposure to a single cryptocurrency asset leaves BitMine highly dependent on Ethereum’s network stability, digital asset regulatory policies, and ETH’s ongoing price volatility.

A Sign of Corporate Transformation

BitMine’s decision marks a broader shift in corporate paradigms toward digital assets.
While large corporations previously viewed cryptocurrencies mainly as speculative tools, an increasing number of institutions now treat digital assets as an integral component of their official treasury strategies.

A report from The Defiant indicates that dozens of corporate entities now hold millions of units of Ethereum as part of their financial structures. Although the US$70 million acquisition appears substantial, analysts view it as an additional accumulation step, rather than the total value of BitMine’s holdings  which now amount to several billion U.S. dollars.

The Rise of the “Crypto Treasury Company” Model

The emergence of “crypto treasury companies” like BitMine presents new opportunities in corporate finance, but also introduces significant challenges, including regulatory risks, token liquidity constraints, and digital asset price volatility.Some experts have drawn comparisons between this approach and the earlier “Bitcoin treasury” model once adopted by several public companies, in which high potential returns had to be balanced with rigorous risk management practices.