#BitMineBuys40KETH BitMine Buys 40K ETH: Institutional Crypto Move of February 2026
The trend has captured global crypto attention as BitMine Immersion Technologies (BMNR) aggressively expanded its Ethereum treasury during a steep market downturn. This high-conviction move showcases the company’s belief in Ethereum as the backbone of Web3 and highlights the growing role of corporate ETH treasuries.
The Scale of the Purchase
Quantity Acquired: 40,613 ETH in early February 2026.
Cost Basis: ~$88M–$116M across tranches; average ~$2,200/ETH.
Treasury Size: 4.33M ETH (~$9.2B), establishing BitMin