Bitmine Ethereum Treasury Tops 6 Million ETH After Another Weekly Purchase
Photo: NewsBTC
TL;DR: Bitmine says its Ethereum holdings reached approximately 6.04 million ETH after it added 12,535 tokens over the past week. Bitmine Immersion Technologies has pushed its Ethereum treasury past the six-million-token mark, reporting holdings of 6,041,481 ETH as of October 18. The company said it acquired another 12,535 ETH during the preceding week. The size is striking even by corporate crypto-treasury standards. Bitmine describes its position as roughly 4.9% of Ethereum’s circulating supply and says more than five million of its ETH are staked. That staking component matters.
Source: NewsBTC
