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BitMine Buys Another 53,501 ETH as Ethereum Stash Blows Past 5.9M

The former bitcoin miner continues with its aggressive Ethereum purchases, acquiring more than 53,000 tokens over the past week as its massive treasury now contains 5.9 million ETH, equivalent to…

Continue ReadingBitMine Buys Another 53,501 ETH as Ethereum Stash Blows Past 5.9M

Bitmine Tops 5.8 Million ETH Even After Scaling Back Its Latest Buy

The Tom Lee-chaired former bitcoin miner turned ETH accumulator has officially pushed its Ethereum holdings beyond 5.8 million tokens, even if its accumulation pace has slowed down. Bitmine Immersion Technologies…

Continue ReadingBitmine Tops 5.8 Million ETH Even After Scaling Back Its Latest Buy

Bitmine Marches Toward 5% of Ethereum Supply After Fresh ETH Buy and Share Purge

Bitmine Immersion Technologies added 9,946 ETH and retired 6.1 million shares last week, tightening its grip on ethereum’s supply while signaling that management sees value in both the asset and…

Continue ReadingBitmine Marches Toward 5% of Ethereum Supply After Fresh ETH Buy and Share Purge