BitMine Ethereum acquisition

BitMine Immersion Technologies has added another large chunk of Ethereum to its treasury, bringing the company closer than ever to a self-set target of owning 5% of all ETH in circulation. The firm acquired 15,112 ETH over the past week.

Key takeaways

  • BitMine added 15,112 ETH to its treasury in the past week.

  • Its total stash now sits at 6,016,414 ETH as of October 4.

  • That holding equals roughly 4.9% of Ethereum’s full supply.

  • The company is 99% of the way to its 5% ownership target.

  • Over 5 million of those tokens are staked.

BitMine’s Weekly Haul Pushes Holdings Past 6 Million ETH

According to WuBlockchain, BitMine said it acquired 15,112 ETH over the past week, lifting its total holdings to 6,016,414 ETH as of October 4.

The 6,016,414 ETH BitMine now holds works out to about 4.9% of Ethereum’s 122.1 million token supply, putting the company 99% of the way toward its stated ETH ownership goal of controlling 5% of all coins in circulation.

BitMine has 5,067,309 ETH staked. Combined with cash, marketable securities and other investments, BitMine’s total portfolio was valued at $17.4 billion.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.

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