Bitmine Buys $75 Million Of Ethereum Amid Signs ‘Crypto Winter’ Is Over

Bitmine Immersion Technologies, the largest Ethereum treasury company, has purchased an additional $75 million worth of Ethereum amid hints that the crypto winter may be ending. The company, which has been steadily buying Ethereum for over a year, recently added 27,562 Ethereum to its holdings, bringing its total to 5,983,940 ETH. This purchase, worth $75.2 million, increased Bitmine's ownership of the token to about 4.9% of its circulating supply of 122.1 million.

The increase in Ethereum's price, reaching $2,735 U.S. on September 21, is attributed to a broader rally in digital assets. As of the latest data, Bitmine has staked about five million ETH, which accounts for roughly 85% of its holdings. The company anticipates annual staking revenue of $357 million U.S. at the current yields.

Analysts are increasingly suggesting that the crypto winter, which started in October 2025, is nearing an end. Bitmine's shares have dropped by 53% over the past year, trading at $25.99 U.S. per share.