Bitmine adds $68 million in ether as Tom Lee sees more upside catalysts ahead
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8 Articles
Bitmine Purchases Another $68 Million Of Ethereum
Bitmine Immersion Technologies (NYSE: $BMNR) bought another 27,180 Ethereum (CRYPTO: $ETH) over the past week. The latest purchase put the serial crypto acquirer closer to its goal of owning 5% of Ethereum's circulating supply. Bitmine spent $68 million U.S. acquiring Ethereum over the last…
Key points of the news: Bitmine acquired an additional 27,180 ETH, bringing its total holdings of Ethereum to 6 million units. The company continues to expand its position in Ethereum as part of a strategy of constant crypto asset accumulation. More than 197 public companies have already adopted similar models based on the treasury of Ethereum. ... Read more
BitMine acquired an additional 27,180 Ethereum last week, bringing its reserve to 5.96 million ETH. The company now controls 4.9% of the total supply, and advisor Tom DeMark stated that he expects a sharp rise in Ethereum in the coming weeks.
Bitmine Immersion Technologies raised its holdings to ETH 5.96 million, equivalent to 4.9% of the supply of Ethereum, while its advisor Tom DeMark anticipates an upward movement in the coming weeks.
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