BitMine Acquires Over 190,500 ETH, Total Holdings Reach 1.7 Million Tokens
BitMine Immersion Technologies (BMNR) acquired over 190,500 ether tokens last week, increasing its total holdings to 1,713,899 tokens, valued at approximately $7.9 billion. The firm also holds $562 million in cash for future acquisitions.
Key points:
- Total crypto and cash holdings reached $8.8 billion, up from $6.6 billion the previous week.
- Value decreased as ETH fell below $4,600 due to a market downturn.
- BMNR stock increased by 12% on Friday and was down 2.6% in premarket trading.
- The company achieved an average daily trading volume of $2.8 billion, ranking 20th among U.S. stocks.
- BitMine plans to raise $20 billion more through stock sales for additional ether purchases.