BitMine Immersion Technologies · Ethereum · Bitcoin · The Block
Bitmine rolls out 27,180 ETH as adviser Tom DeMark sees sharp move in coming weeks
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Bitmine Immersion Technologies (BMNR) announced Monday that it increased its Ethereum treasury to 5,956,378 ETH after acquiring 27,180 ETH over the past week.
Key facts
- Beyond ether, Bitmine reported 212 bitcoin (BTC), a $180 million stake in Beast Industries, a $98 million stake in Eightco Holdings, and $549 million in cash and marketable securities
- At $2,513 per ETH, the holdings were worth about $15 billion as of Sept. 13
- s ETH price page, Ethereum traded above $2,500 on Monday, up 1.4% over 24 hours, with a market capitalization of $306.3 billion
- As of Sept. 7, Bitmine said 5,067,309 ETH were staked, representing about 85% of its current holdings and $12.7 billion at the company's stated ETH price
Summary
At $2,513 per ETH, the holdings were worth about $15 billion as of Sept. 13. As of Sept. 7, Bitmine said 5,067,309 ETH were staked, representing about 85% of its current holdings and $12.7 billion at the company's stated ETH price. Beyond ether, Bitmine reported 212 bitcoin (BTC), a $180 million stake in Beast Industries, a $98 million stake in Eightco Holdings, and $549 million in cash and marketable securities. Tom DeMark, founder of DeMark Analytics and a capital markets adviser to Bitmine, said he expects ether to make a sharp upward move in the coming weeks.