Breaking: Bitmine’s Total Ethereum Holdings Surpass 2 Million ETH Worth $9.2B
The post Breaking: Bitmine’s Total Ethereum Holdings Surpass 2 Million ETH Worth $9.2B appeared on BitcoinEthereumNews.com. Key Insights: Bitmine Immersion Technologies expands Ethereum holdings to 2,069,443 ETH worth over $9.2 billion. Tom Lee says Wall Street and AI will create a supercycle for Ethereum. BMNR stock slips 0.3% as the firm invested $20 million in Eightco Holdings for WLD treasury. Bitmine Immersion Technologies added 202,469 ETH for $874.59 million to its Ethereum treasury. Fundstrat’s Tom Lee-backed firm sets milestone as it expanded its total Ethereum holdings above 2 million ETH after the latest purchase. BMNR stock price was down nearly 0.3% in premarket trading hours on Monday. Traders reacted immediately to the announcement and stock movements, causing ETH price to drop 0.70% in an hour. Bitmine Boost Total Ethereum Holdings Above 2 Million ETH Public-listed Bitmine Immersion Technologies disclosed its crypto and cash holdings of $9.21 billion, according to an official announcement on September 8. Tom Lee-backed company expanded its total Ethereum holdings to 2,069,443 ETH, accounting for $8.942 billion at an average price of $4,321 per ETH. The total holding is worth nearly $8.89 billion at the current market price. The company purchased an additional 202,469 ETH for $874.59 million between September 1-7, according to on-chain data. Also, the company continues holding 192 BTC and $266 million in additional cash. Bitmine continued to position itself as the top Ethereum treasury company and the 2nd largest crypto treasury, behind Strategy Inc. (MSTR). Chairman Tom Lee reaffirmed his stance that ETH will reach $60,000 in the long term. As The Coin Republic reported earlier, BitMine Immersion last purchase 153,075 ETH for $665.8 million. BMNR Stock Price Slips as Bitmine Invests in WLD Treasury At the time of writing, BMNT stock price fell nearly 0.3% to $41.57 during pre-market trading hours on Monday. This comes as Bitmine made a strategic investment of $20 million in Eightco Holdings for WLD treasury. Bitmine stock closed 0.36% lower at $42.04 on Friday. The…
The post Breaking: Bitmine’s Total Ethereum Holdings Surpass 2 Million ETH Worth $9.2B appeared on BitcoinEthereumNews.com.
Key Insights: Bitmine Immersion Technologies expands Ethereum holdings to 2,069,443 ETH worth over $9.2 billion. Tom Lee says Wall Street and AI will create a supercycle for Ethereum. BMNR stock slips 0.3% as the firm invested $20 million in Eightco Holdings for WLD treasury. Bitmine Immersion Technologies added 202,469 ETH for $874.59 million to its Ethereum treasury. Fundstrat’s Tom Lee-backed firm sets milestone as it expanded its total Ethereum holdings above 2 million ETH after the latest purchase. BMNR stock price was down nearly 0.3% in premarket trading hours on Monday. Traders reacted immediately to the announcement and stock movements, causing ETH price to drop 0.70% in an hour. Bitmine Boost Total Ethereum Holdings Above 2 Million ETH Public-listed Bitmine Immersion Technologies disclosed its crypto and cash holdings of $9.21 billion, according to an official announcement on September 8. Tom Lee-backed company expanded its total Ethereum holdings to 2,069,443 ETH, accounting for $8.942 billion at an average price of $4,321 per ETH. The total holding is worth nearly $8.89 billion at the current market price. The company purchased an additional 202,469 ETH for $874.59 million between September 1-7, according to on-chain data. Also, the company continues holding 192 BTC and $266 million in additional cash. Bitmine continued to position itself as the top Ethereum treasury company and the 2nd largest crypto treasury, behind Strategy Inc. (MSTR). Chairman Tom Lee reaffirmed his stance that ETH will reach $60,000 in the long term. As The Coin Republic reported earlier, BitMine Immersion last purchase 153,075 ETH for $665.8 million. BMNR Stock Price Slips as Bitmine Invests in WLD Treasury At the time of writing, BMNT stock price fell nearly 0.3% to $41.57 during pre-market trading hours on Monday. This comes as Bitmine made a strategic investment of $20 million in Eightco Holdings for WLD treasury. Bitmine stock closed 0.36% lower at $42.04 on Friday. The…
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