BitMine Immersion has significantly increased its holdings of Ethereum (ETH) to 1.5 million tokens, a rise from the previous 1.15 million tokens. The move comes as the value of ETH plummeted. As a result, BitMine’s stock price slid 7% in tandem with the decline in ETH’s value, according to recent data.
Source: https://www.coindesk.com/business/2025/08/18/bitmine-s-ether-holdings-top-usd6-6b-stock-slides-7-alongside-eth-s-tumble