BitMine purchased another 26,497 ETH or around $52 million worth as Ethereum trades at $1,967 on Monday, dipping below $2,000 for the first time since March 29, according to data from CoinGecko.
BitMine now holds 5,416,901 ETH in total, or about 4.48% of the circulating Ethereum supply. In addition to its $10.6 billion ETH treasury, it also boasts around $446 million in cash and 203 BTC valued at $14.5 million.
Shares in the firm (BMNR) have fallen around 1.3% on Monday, recently changing hands around $19.02. At that mark, shares are now down more than 34% in the last six months of trading and 88% off their 52-week high of $161.
Meanwhile, Ethereum’s slide below $2,000 comes following a nearly 15% decline in the last month of trading, and a more than 60% fall from its August all-time high of $4,946.
