Will Bitmine outperform expected crypto bull market after acquiring another 12,532 ETH?
Photo: AMBCrypto
Ethereum's [ETH] largest digital asset treasury (DAT), Bitmine Immersion Technologies, has announced that its total crypto holdings, cash, marketable securities, and other investments are now worth $16.2 billion. Of this, the firm holds 6.03 million ETH worth approximately $15.34 billion at a reported price of $2,544 per ETH. This represents 4.9% of Ethereum’s total circulating supply, putting the company close to its ambitious target of 'Alchemy 5%’. All of this followed Bitmine acquiring 12,532 ETH over the past week. Bitmine's Ethereum obsession Besides accumulating, the company is also aggressively staking Ethereum to earn passive income.
Source: AMBCrypto
