BitMine ETH Holdings Reach Nearly $5 Billion After Recent Purchase
BitMine Immersion Technology (BMNR) has reported an increase in its ether (ETH) holdings to over 1.15 million tokens, valued at approximately $5 billion after adding around $2 billion in the past week. Key points include:
- Holdings rose from 833,137 tokens the previous week
- BMNR shares increased by over 10% pre-market, following a nearly 25% rise on Friday
- Averaged daily trading volume reached $2.2 billion, ranking BMNR 25th among U.S.-listed firms
- The company aims to acquire 5% of the total ETH supply, targeting a value exceeding $25 billion
- Increased demand from digital asset treasury companies contributed to ETH reaching new cycle highs above $4,300