BitMine Immersion Technologies · Michael Saylor · Ethereum · CLARITY Act · Bitcoin.com News
Tom Lee’s Bitmine Picks up 53,501 ETH as Ethereum’s Price Fights for $2,500
Compiled by KHAO Editorial — aggregated from 4 sources. See llms.txt for citation guidance.
✓ KHAO Verified
On Monday, the publicly traded firm Bitmine Immersion Technologies announced that it has pushed its ethereum treasury holdings to 5.90 million ETH, putting Tom Lee’s digital asset treasury (DAT) heavyweight within striking distance of controlling 5% of the network’s circulating supply as ETH prices close out a blistering August comeback.
Key facts
- ETH ripped roughly 30% from the $1,800-$1,900 zone around Aug. 18-19 to the above $2,500 range days later
- BMNR shares closed Aug. 28 at $23.80 after dropping 7% that session, but shares still climbed roughly 38% during August alongside ether’s price rise
- At ETH’s stated $2,511 valuation in Monday’s release, that staked pile was worth about $12.7 billion
- U.S. spot ether exchange-traded funds pulled in roughly $1.06 billion during August and about $1.4 billion across nine sessions beginning in mid-August
Summary
Bitmine holds 5.90M ETH, putting it at 4.9% of Ethereum’s 120.7M-token supply. Ethereum jumped about 33% in August while BMNR shares ripped roughly 38%. Bitmine hunts 5% ownership as Lee watches a mid-September Clarity Act vote. The Connecticut-based company disclosed on Monday that its crypto, cash, marketable securities, and strategic investments totaled around $15.6 billion as of Aug. 30.