Bitmine to buy 10,000 ether for $23.9 million from the Ethereum Foundation
CoinDesk
Bitmine is purchasing 10,000 ETH for $23.87 million from the Ethereum Foundation to increase its total ether treasury holdings.Summary
Bitmine Immersion Technologies (BMNR) has finalized an over-the-counter transaction to purchase 10,000 ether (ETH) from the Ethereum Foundation for $23.87 million. The Ethereum Foundation stated that the proceeds will be utilized to fund core operations, including protocol research, ecosystem development, and grants. This acquisition advances Bitmine’s stated goal of accumulating 5% of the total ETH supply, bringing its current holdings to approximately 4.97 million tokens. Led by Fundstrat CIO Thomas Lee, Bitmine remains the largest public holder of ether, reinforcing its position as a significant digital asset treasury firm.
(Source：CoinDesk)