BitMine Immersion Reaches Major Milestone with 2% of Ethereum Supply Ownership
BitMine Immersion Reaches Major Milestone with 2% of Ethereum Supply Ownership
BitMine Immersion Technologies, trading under the ticker BMNR on the NYSE American, has made headlines by announcing that its Ethereum holdings have exceeded 2% of the total supply of the cryptocurrency network, with more than 2.4 million ETH tokens. This milestone represents a significant accumulation strategy aimed at creating a robust investment portfolio grounded in cryptocurrencies and liquidity. The company's combined assets in cryptocurrencies and cash now total an impressive $11.4 billion, highlighting its ambitious targets and the aggressive expansion of its holdings.
On September 21, the company revealed that its crypto assets comprise 2,416,054 ETH, valued at $4,497 per token according to Bloomberg, alongside 192 Bitcoin (BTC) and an investment of $175 million in Eightco Holdings (NASDAQ: ORBS), tagged as
Topics Financial Services & Investing）
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