Bitmine adds 12,535 ETH as Ethereum price stays below $2,500

Bitmine Immersion Technologies has raised its Ethereum holdings to 6.04 million ETH after buying another 12,535 tokens, even as Ethereum struggles to recover above $2,500 following its recent market decline. Bitmine increased its Ethereum holdings to 6.04 million ETH after purchasing another 12,535 tokens during the week. The company reported $15.1 billion in combined holdings, including cryptocurrency, cash, securities and strategic investments. Ethereum traded near $2,422 despite a modest daily recovery, with prices down approximately 4.8% weekly overall. Bitmine has staked 5.07 million ETH, representing nearly 84% of its reported Ethereum treasury holdings currently.

Source: crypto.news