Bitmine Immersion Bought 111942 Ether Last Week for 237 Million Dollars
Bitmine Immersion purchased 111942 ether last week, its largest weekly acquisition since December. The purchase increased the firm's holdings to nearly 5.4 million ETH.
benzinga.comBitmine Immersion bought 111942 ether last week for approximately 237 million dollars at prevailing prices. 47 percent of Ethereum's circulating supply.
3 billion dollars after the purchase. The firm also holds 203 bitcoin, 444 million dollars in cash, and equity stakes in Beast Industries and Eightco Holdings. 7 million ETH, representing roughly 87 percent of its holdings, and generates about 276 million dollars in annualized staking revenue.
"We continue to steadily acquire ETH," chairman Tom Lee said in the statement. " Lee added that the firm expects to reach its target of controlling 5 percent of ether's supply later in 2026.
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