In accordance with CryptoDnes, BitMine Immersion Technologies has added nearly 70,000 ETH to its holdings, bringing its total to 3,629,701 ETH, or about 3% of the total ETH supply. Despite the accumulation, the recent Ethereum price decline has reduced the value of its treasury from over $12 billion to approximately $10.2 billion. The company cited deteriorating liquidity and weakening technical signals as factors behind the downturn and reiterated its forecast that Ethereum could reach $2,500. BitMine also reported $328 million in net income for the fiscal year ending August 31 and announced plans to offer a dividend to shareholders.
BitMine Adds 70,000 ETH as Treasury Value Dips With Ethereum’s Decline
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