Bitmine Immersion Technologies (NYSE: $BMNR) added another 28,086 Ether (CRYPTO: $ETH) to its holdings last week, bringing the company closer to its goal of controlling 5% of Ethereum's total supply.
The purchase, worth about $69.4 million at Tuesday's price of roughly $2,472 per ETH, lifted Bitmine's holdings to 5.93 million ETH, the company announced Tuesday. That represents about 4.9% of Ethereum's 122 million circulating supply, leaving the company around 171,000 ETH short of its target.
Bitmine has purchased Ether every week since launching its Ethereum treasury strategy in June 2025. The latest acquisition was smaller than the 53,501 ETH bought the previous week. Still, maintaining this pace would put the company within reach of its 5% goal in less than two months.
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The purchase, worth about $69.4 million at Tuesday's price of roughly $2,472 per ETH, lifted Bitmine's holdings to 5.93 million ETH, the company announced Tuesday. That represents about 4.9% of Ethereum's 122 million circulating supply, leaving the company around 171,000 ETH short of its target.
Bitmine has purchased Ether every week since launching its Ethereum treasury strategy in June 2025. The latest acquisition was smaller than the 53,501 ETH bought the previous week. Still, maintaining this pace would put the company within reach of its 5% goal in less than two months.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#company #week #technologies
17 hours ago
