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• Bitmine Immersion Technologies (NYSEAM:BMNR) has acquired nearly $91 million worth of Ethereum, expanding its existing crypto holdings.

• The company made the purchase despite currently unrealized losses on its Ethereum position and ongoing market volatility.

• The move signals a continued focus on Ethereum as a core treasury asset for this publicly listed miner and immersion tech company.

Bitmine Immersion Technologies, trading at $20.96, sits in a very unusual spot for a public company, with a sizeable Ethereum position on its balance sheet. The stock has…