Bitmine Immersion Technologies (NYSE: $BMNR) bought another 27,084 of Ethereum (CRYPTO: $ETH) over the past week as its price neared a low for the year.
In all, Bitmine spent $43 million U.S. buying Ethereum in recent days as the price steadily fell. ETH hit a low for the year of $1,564.86 U.S. on June 26.
The latest purchases have brought Bitmine's holdings to 5.7 million Ethereum worth $8.9 billion U.S., according to the company.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
In all, Bitmine spent $43 million U.S. buying Ethereum in recent days as the price steadily fell. ETH hit a low for the year of $1,564.86 U.S. on June 26.
The latest purchases have brought Bitmine's holdings to 5.7 million Ethereum worth $8.9 billion U.S., according to the company.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
4 months ago
