BitMine Immersion Technologies · Ethereum · Bitcoin · The Block
Tom Lee confirms ether is ‘best performing macro asset’ as Bitmine launches 53,501 ETH
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Bitmine Immersion Technologies (BMNR) announced on Monday that it has increased its ether treasury to 5,901,112 ETH after acquiring 53,501 tokens over the past week.
Key facts
- Beyond ether, Bitmine reported 211 bitcoin, an $180 million stake in Beast Industries, an $81 million stake in Eightco Holdings, and total cash and marketable securities of $541 million
- Of the total tokens held, 5,067,309 ETH, valued at $12.7 billion, are staked via the company's MAVAN platform and staking partners, representing 86% of its balance
- At $2,511 per ETH, the holdings are worth about $14.8 billion
- Bitmine Immersion Technologies (BMNR) announced on Monday that it has increased its ether treasury to 5,901,112 ETH after acquiring 53,501 tokens over the past week
Summary
At $2,511 per ETH, the holdings are worth about $14.8 billion. Of the total tokens held, 5,067,309 ETH, valued at $12.7 billion, are staked via the company's MAVAN platform and staking partners, representing 86% of its balance. Beyond ether, Bitmine reported 211 bitcoin, an $180 million stake in Beast Industries, an $81 million stake in Eightco Holdings, and total cash and marketable securities of $541 million. Chairman Tom Lee reiterated the company's conviction in ether, saying the asset outperformed the S&P 500 by 5,430 basis points in the third quarter through Aug. 28.