Bitmine Adds 24,000 ETH as Ethereum Treasury Tops 4.1M Tokens
Bitmine purchased 24,266 ETH, increasing its total holdings to 4.17 million ETH, while its chairman seeks shareholder approval for more authorized shares.Summary
Bitmine Immersion Technologies recently acquired 24,266 Ether (ETH), boosting its total crypto holdings to approximately 4.17 million ETH, which represents 3.4% of the token’s circulating supply. The company reported combined crypto and cash holdings of about $14 billion, including 193 Bitcoin (BTC). Furthermore, Bitmine expanded its staking operations to 1.26 million ETH and is developing its own staking platform for deployment in early 2026. Chairman Tom Lee is urging shareholders to approve an increase in authorized shares, warning that without this approval, the company's ability to continue acquiring Ether, toward a target of 5% of the total supply, could be limited. In the broader context, Bitmine remains the largest Ether treasury company by a significant margin, far exceeding competitors like Sharplink and The Ether Machine.
(Source：Cointelegraph)