BitMine Scoops Up More Ethereum Amid Market Slump, Holdings Surpass 3 Million...
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 […]
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BitMine Immersion Technologies saw its stock sink nearly 8% this week, yet that didn’t stop Cathie Wood’s ARK Invest from pouring another $15.6 million into the company. Related Reading: A New Vision For Money: Hoskinson Predicts Bitcoin Will Hit $10 Trillion The latest move comes during a period of heightened volatility in both equities and crypto markets. ARK Expands Its Holdings According to ARK’s trading disclosures on August 27, the firm bought 339,113 BitMine shares spread across three ETFs. The ARK Innovation ETF acquired 227,569 shares valued at a little over $10 million, while the....
Earlier today, Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) added to its ETH holdings, as on-chain data reveals that the firm purchased another 46,225 tokens, increasing its total ETH holdings to over 2.1 million ETH. BitMine’s Total Ethereum Holdings Surge Past 2.1 Million ETH According to an X post by on-chain analytics account Lookonchain, […]
BitMine Immersion Technologies has added nearly $70 million worth of Ethereum to its holdings, pushing the company’s ETH stash to a value near $8.66 billion. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More Based on reports, the purchases were made through Galaxy Digital’s over-the-counter desk and arrived in several chunks rather than a single block. Purchase Broken Into Four Tranches The recent buys were split into four settlements: 3,247 ETH ($14.50 million), 3,258 ETH ($14.6 million), 4,494 ETH ($20 million), and 4,428 ETH ($19.75 million). That....
BitMine Immersion has reportedly accumulated a staggering 319,000 ETH in just a single week. The massive purchase, worth over a billion dollars, underscores growing conviction in Ethereum’s long-term value among institutions and big players, tightening market liquidity. Could This Trigger An Ethereum Supply Crunch? In a move that highlights the growing institutional confidence in Ethereum, Paul Barron has mentioned on X that BitMine Immersion has just absorbed 319,000 ETH in a single week, which is equivalent to 0.26% of Ethereum’s total supply removed from circulation. Related....
Ethereum znów znalazło się w centrum uwagi. Gigant infrastruktury kryptowalutowej BitMine Immersion Technologies właśnie powiększył swój korporacyjny skarbiec o 23 823 ETH. Łacznie BitMine dokłada 104 mln USD w ETH do swojego skarbca. Zakup zrealizowany z portfela BitGo sprawił, że BitMine dysponuje już łącznie 2,83 miliona ETH o wartości około 12,4 miliarda dolarów, co czyni […]