PANews reported on April 15th that, according to The Block, Ethereum treasury company Bitmine Immersion Technologies released its quarterly financial report, showing a net loss of $3.82 billion for the quarter ending February 28, 2026, far exceeding the $1.15 million loss in the same period last year. This loss was primarily driven by unrealized losses of $3.78 billion in its digital asset holdings. The net loss for the six months exceeded $9 billion. As of April 12th, Bitmine held 4.87 million ETH, worth approximately $10.7 billion, with an average purchase price of $2,206 per ETH, representing 4.04% of the total Ethereum supply, with a target of 5%.

Bitmine is currently the world's largest enterprise Ethereum treasury, second only to Strategy among enterprise crypto treasuries. The company's chairman stated that given the strengthening fundamentals of Ethereum, the current pullback is attractive, as the ETH price does not reflect its high utility and role as a cornerstone of future finance. The Middle East conflict, now in its seventh week, remains the primary driver of global markets.