BitMine Acquires Additional 106,485 ETH, Total Holdings Reach 1.3 Million
BitMine Immersion Technology has purchased an additional 106,485 ETH, raising its total holdings to 1,297,093 ETH. The recent acquisition is valued at approximately $466.83 million, with total holdings worth about $5.68 billion. The purchases were primarily conducted through over-the-counter (OTC) transactions and direct transfers from intermediaries.
Key Details
- Ethereum price: $4,384.05
- BitMine's total ETH holdings: 1,297,093 ETH
- Recent purchase value: $466.83 million
- Total holding value: $5.68 billion
- Recent whale activity: 92,899 ETH acquired for around $415 million
- SharpLink holds 728,804 ETH valued at $3.3 billion, positioning it as the second-largest corporate holder.
BitMine plans to expand its equity program from $5 billion to $24.5 billion to finance further Ethereum acquisitions. This includes a filing with the SEC to manage the offering through Cantor Fitzgerald & Co. and ThinkEquity LLC.