BitMine Increases ETH Holdings to 4.3 Million: Details
ETH/USDT
$6,679,781,443.00
$1,719.51 / $1,679.11
Change: $40.40 (2.41%)
+0.0010%
Longs pay
BitMine Immersion Technologies continued its long-term strategy by increasing its ETH holdings despite the market correction. According to data announced on Monday, the company purchased 40.613 ETH and raised its total holdings to 4.326 million ETH. This amount is worth approximately 8.8 billion dollars at current prices.
BitMine's ETH Purchase Strategy and Position Size
The company's move reinforces the HODL approach despite volatility in the ETH price. According to DropsTab data, BitMine is carrying 7.7 billion dollars in unrealized losses on ETH. Nevertheless, continuing to buy signals institutional confidence. Total ETH stock stands out among market leaders.
Compensating Losses with ETH Staking
According to DropsTab, BitMine is staking 2.873 million ETH on the Ethereum network. This generates passive income with an annual return of 3-5%. Staking is a strategic element that balances unrealized losses. Total crypto, cash, and other assets reach 10 billion dollars.
BMNR Stock Performance: Sharp Declines
According to Yahoo Finance data, BMNR stock lost 31% in the last month and 60% in six months. Due to the dominant effect of the ETH position, the stock is sensitive to market sentiment. Volatility risk is high for investors.
ETH Technical Analysis: Support and Resistance Levels
ETH is currently trading at 2.125,17$ (+%0,61 24h). RSI at 33,06 is in the oversold region. Trend down, Supertrend bearish. EMA20: 2.452,65$.
| Level | Price | Score | Distance | Sources |
|---|---|---|---|---|
| S1 Support | 1.906,05$ | 69/100 ⭐ | -%10,24 | S3, Fibo 0.114, Pin Bar |
| S2 Support | 1.747,80$ | 69/100 ⭐ | -%17,69 | Fibo 0.000, Donchian |
| R1 Resistance | 2.452,65$ | 75/100 ⭐ | +%15,50 | EMA20, Ichimoku |
| R2 Resistance | 2.212,27$ | 71/100 ⭐ | +%4,18 | Ichimoku Cloud |
S1 is strong support; if broken, S2 could be tested. Click for detailed ETH analysis.
Other Companies Holding ETH in the Market
Despite the ETH decline and liquidations, most companies held their positions while BitMine bought. Only Quantum Solutions sold 600 ETH. This emphasizes BitMine's aggressive stance. The ETH futures market also shows a similar trend.
Expert opinion: Recovery potential exists with RSI oversold, but bearish signals dominate. BitMine's strategy is a bet on a long-term ETH rally.
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleRelated Tags
AI-generated, AI-reviewed, under COINOTAG editorial oversight.
Comments
More From COINOTAG
Morgan Stanley Files 0.14% ETH ETF, Glamsterdam Targets 71% Fee Cut and 200M Gas
June 19, 2026 at 04:52 AM UTC
Ethereum Near $1,750 as 54M ETH Sit in Loss, Spot ETFs Bleed $29M
June 18, 2026 at 09:02 AM UTC
DeFi Leverage Hits 2021 Highs on $13B Outflows as GAO Presses FDIC, BTC Near $67K
June 16, 2026 at 06:51 AM UTC