BitMine Immersion Technologies Increases ETH Holdings to $8.1 Billion
BitMine Immersion Technologies (BMMR) has increased its token holdings as crypto prices declined. Key points include:
- Acquisition of over 150,000 ETH last week.
- Total ETH holdings now at 1,866,974 tokens, valued at approximately $8.1 billion.
- Company holds around $635 million in cash for further purchases.
- BMMR shares down to $43, 35% lower than mid-August peak.
- Firm shifted focus to ETH strategy in June, targeting 5% of total ETH supply.
- Largest listed ETH treasury firm, following a bitcoin-focused firm with $71 billion BTC holdings.