BitMine Immersion Technologies · S&P 500 · Ethereum · Federal Reserve (FED) · The Block
Tom Lee confirms ether ‘dwarfing other macro assets’ as Bitmine announces 15,112 ETH
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Bitmine Immersion Technologies announced Monday that it has increased its Ethereum treasury to 6,016,414 ETH after acquiring 15,112 tokens over the past week.
Key facts
- Beyond ether, Bitmine reported 214 bitcoin, a $180 million stake in Beast Industries, a $117 million stake in Eightco Holdings, and $643 million in cash and marketable securities
- Of the total tokens held, 5,067,309 ETH, valued at $13.8 billion, are staked through the company's MAVAN platform and staking partners, representing 84% of its balance
- At $2,726 per ETH, the holdings are worth about $16.4 billion
- s ETH price page, ether traded around $2,711 on Monday, up 0.37%
Summary
At $2,726 per ETH, the holdings are worth about $16.4 billion. Of the total tokens held, 5,067,309 ETH, valued at $13.8 billion, are staked through the company's MAVAN platform and staking partners, representing 84% of its balance. Beyond ether, Bitmine reported 214 bitcoin, a $180 million stake in Beast Industries, a $117 million stake in Eightco Holdings, and $643 million in cash and marketable securities. Chairman Tom Lee reiterated the company's view on ether, saying ETH had outperformed the S&P 500 by 6,832 basis points in the third quarter.