The World's Biggest Ethereum Treasury Company Just Bought the Dip on Ethereum. Should You?
Written by Alex Carchidi for The Motley Fool -> Bitmine owns a lot of Ethereum, and it just bought more. That doesn't change the fact that sentiment about the coin is abysmal right now. Nor does it do much to support the investment thesis for buying Ethereum. Bitmine Immersio
That doesn't change the fact that sentiment about the coin is abysmal right now.
Nor does it do much to support the investment thesis for buying Ethereum.
Bitmine Immersion Technologies (NYSE: BMNR) , the largest corporate holder of Ethereum (CRYPTO: ETH) , announced on June 8 that it had bought 126,971 ETH for roughly $214 million, its biggest weekly purchase of 2026. In doing so, it showed confidence in the asset by buying the dip, as Ethereum was trading near $1,816 as of June 15, down 63% from its August 2025 all-time high of $4,946.
That kind of conviction is probably enough to tempt some investors to buy the coin and go along for the ride. But is it really a good financial decision to follow Bitmine's move here?
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As Warren Buffett said, it pays to "be fearful when others are greedy and to be greedy only when others are fearful." On that note, with Ethereum, its present drawdown is severe, and investor sentiment is in a state of extreme fear and pessimism about the asset's future.
And yet the network hasn't collapsed. By some measures, it's already advancing into the growth segments of tomorrow.
Ethereum still hosts about 53% of all tokenized real-world asset (RWA) value in the crypto sector, a category that grew from $11.6 billion in mid-June 2025 to $31.8 billion today. It also holds $156.7 billion in stablecoin value, or 49.5% of the sector's total stablecoin value of $315.1 billion. Plus, the Glamsterdam upgrade, due in the second half of this year, could lift the chain's throughput and somewhat revive its fee revenue by attracting even more tokenized asset and stablecoin value.
