According to Wu Blockchain, BitMine Immersion Technologies (NYSE: BMNR) announced that as of December 7, the company holds 3,864,951 ETH, with an additional 138,452 ETH purchased last week. Based on the disclosed price of $3,139/ETH, this week’s increase amounts to approximately $435 million. BitMine currently holds about 3.2% of the total ETH supply, and the company stated its goal is to increase this to a 5% share. In addition to ETH, BitMine also holds 193 BTC, $1 billion in cash, and $36 million in "moonshot" equity investments, bringing its total assets to $13.2 billion.
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According to Wu Blockchain, BitMine Immersion Technologies (NYSE: BMNR) announced that as of December 7, the company holds 3,864,951 ETH, with an additional 138,452 ETH purchased last week. Based on the disclosed price of $3,139/ETH, this week’s increase amounts to approximately $435 million. BitMine currently holds about 3.2% of the total ETH supply, and the company stated its goal is to increase this to a 5% share. In addition to ETH, BitMine also holds 193 BTC, $1 billion in cash, and $36 million in "moonshot" equity investments, bringing its total assets to $13.2 billion.