BitMine

BitMine closes in on 5% of Ethereum supply with 5.78M ETH hoard

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BitMine closes in on 5% of Ethereum supply with 5.78M ETH hoard

Bitmine, Ethereum’s main treasury company, said Monday that its Ether holdings had reached 5.78 million tokens, representing about 4.8% of Ethereum’s circulating supply, as the company moved closer to its stated goal of accumulating 5% of all ETH. According to Monday’s announcement, the company added 7,430 ETH (ETH) over the past week. Around 4.9 million … Read more

BitMine Stock Falls Despite $73 Million Ethereum Treasury Purchase

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BitMine Stock Falls Despite Million Ethereum Treasury Purchase

BitMine Immersion Technologies added a major position in Ethereum to its balance sheet, but market reaction shows that investors are not automatically rewarding every corporate crypto cash move. The company disclosed the purchase of 42,197 ETH, valued at approximately $73 million, in an SEC filing on July 16. The acquisition expands BitMine’s Ethereum treasury strategy … Read more