BitMine Snaps Up $70 Million In Ether In Another Surprise Mega Buy
According to on-chain tracking, BitMine added 23,773 Ether over three days as the market softened. The buying included 7,080 ETH for close to $20 million on Monday and 16,693 ETH for roughly $50 million on Saturday. Based on reports, those two transactions together pushed the firm’s recent outlay to nearly $70 million. Related Reading: Crypto […]
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According to the latest on-chain data, BitMine viewed the latest market downturn as an opportunity to further increase its exposure to Ethereum, the second-largest cryptocurrency by market cap. In two separate fresh buys, the Ethereum treasury firm expanded its holdings by over $199 million worth of Ether tokens. BitMine Now Holds 3.08% Of Total Ether […]
Buried in Bitmine Immersion Technologies’ latest disclosure is a number that speaks to just how deep the company has gone on Ethereum. Of the nearly 5 million ETH it now holds, 3.33 million is actively staked through its validator platform, generating more than $200 million in annualized staking revenue. Related Reading: Ceasefire Drama Escalates—Trump Points […]
Bitmine Immersion Technologies has been buying Ether steadily and has pushed its holdings to roughly 4.5 million tokens, a position that makes the firm one of the largest corporate holders on record. Related Reading: Bitcoin Bet Deepens As Metaplanet Raises $255 Million For Future Purchases According to reports, the latest disclosed move included an over-the-counter […]
BitMine Immersion Technologies kept buying as prices fell, scooping up 40,613 ETH during last week’s sell-off. Reports say the purchase totaled roughly $83–$84 million, made when Ether traded near $2,020 per token. Related Reading: Crypto Markets Catch A Breather As Outflows Begin To Slow: Analysts BitMine’s Growing Stake And The Man At The Helm According […]
Publicly traded firm BitMine Immersion Technologies bought the crypto market dip over the weekend, as it bolstered its Ethereum (ETH) reserves by 202,037 ETH, propelling its total ETH holdings to beyond 3 million ETH. BitMine’s Total Ethereum Holdings Surpass 3 Million NYSE-listed Bitcoin (BTC) and Ethereum network company BitMine today disclosed that it had bought […]