BitMine’s Ethereum holdings surpass 3.3 million ether after latest 77,055 ETH purchase
BitMine Immersion's Ethereum holdings now exceed 3.3 million ETH after acquiring an additional 77,055 ETH this week.Summary
Ethereum treasury company BitMine Immersion announced its total ETH holdings have surpassed 3.3 million tokens, valued at approximately $13.7 billion, following its latest weekly purchase of 77,055 ETH, worth about $319 million at current prices. This makes BitMine the largest Ethereum treasury holder globally, significantly ahead of its nearest competitors. The company's total crypto and cash holdings reached $14.2 billion as of Monday, which also includes 192 BTC and stakes in other firms. BitMine aims to acquire 5% of Ethereum's circulating supply, currently around 6.04 million ETH. The acquisition news followed a 3.1% rebound in ETH price, which Chairman Tom Lee attributed partly to positive U.S.-China trade talks, noting that crypto performs better when equities rise.
(Source：The Block)