Ethereum · BitMine Immersion Technologies · The Block
Ethereum treasury firm Bitmine has acquired an additional 26,497 ETH, worth about $52 million at today’s prices
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Bitmine Chairman Tom Lee predicted the firm is "expected to reach" its goal of holding 5% of the total (ETH) supply "sometime in 2026.
Key facts
- The firm also holds 203 bitcoin, a $180 million stake in Beast Industries, and a $93 million stake in Eightco Holdings, along with $446 million in cash
- ETH is currently trading at $1,978, ’s price page, off about 30% year-to-date and down 60% from its all-time high of $4,946
- Bitmine shares (BMNR) are trading around $19, down 1.40% on the day and 39% year-to-date
- Bitmine Chairman Tom Lee predicted the firm is "expected to reach" its goal of holding 5% of the total (ETH) supply "sometime in 2026." It currently holds 4.49% of the total, with Ethereum’s
Summary
Ethereum treasury firm Bitmine has acquired an additional 26,497 ETH, worth about $52 million at today’s prices. ETH is currently trading at $1,978, ’s price page, off about 30% year-to-date and down 60% from its all-time high of $4,946. "In their view, ETH prices are not reflecting the strengthening of Ethereum fundamentals, but then again, this is not surprising given they are in the early stages of crypto spring. Bitmine shares (BMNR) are trading around $19, down 1.40% on the day and 39% year-to-date.