Ethereum treasury firm BitMine falls 8% after adding another 82,353 ETH
The Block
BitMine's stock dropped over 8% after the firm announced it acquired an additional 82,353 ETH tokens.Summary
Ethereum treasury firm BitMine (BMNR) experienced a stock decline of over 8% following the announcement that it had added another 82,353 ETH to its holdings in the past week. As of Sunday, BitMine possesses nearly 3.4 million ETH, valued at over $12 billion, alongside 192 bitcoins and significant cash reserves. This accumulation makes BitMine the largest publicly traded ETH holder, owning 2.8% of the total ETH supply, and the second-largest digital asset treasury overall. The company, backed by notable investors like Bill Miller III, Cathie Wood, and Peter Thiel, saw its shares trade down amid a broader market pullback, despite high trading volume.
(Source：The Block)