Bitmine Buys 27,801 Ethereum for $49 Million, Raising Holdings to 4.8% of Supply

cryptobusiness 6 posts · 6 accounts

BitMine bought 27,801 Ethereum in the past week, raising its total treasury to 5.77 million tokens, or 4.8% of the network’s circulating supply.

The transaction, valued at approximately $49 million, increases the firm’s combined portfolio of crypto, cash and marketable securities to $11.3 billion as of July 12. BitMine has staked 4.92 million of its Ethereum holdings.

From the sources (6 posts)

@wublockchain

BitMine Buys 27,801 ETH, Holdings Reach 5.77M ETH BitMine said it acquired 27,801 ETH over the past week, lifting total holdings to 5,770,038 ETH, or about 4.8% of Ethereum’s supply, and has staked 4,917,189 ETH. As of July 12, the compa

@coinmarketcap

JUST IN: 💰 Bitmine acquired another 27,801 ETH, bringing its total holdings to 5.77M ETH — 4.8% of the Ethereum supply.

@theblockco

THE BLOCK: Bitmine $BMNR announced that its Ethereum holdings reached 5.77 million ETH tokens, or 4.8% of the total supply. The company said its combined crypto, cash, and marketable securities holdings totaled $11.3 billion as of July 12.

@coingecko

JUST IN: BitMine Immersion purchases another 27,801 Ethereum.

@lookonchain

Strategy neither sold nor bought back any $BTC last week. But Tom Lee(@fundstrat)'s #Bitmine continued accumulating $ETH, buying another 27,801 $ETH($49.12M) last week.

@kalshi_crypto

JUST IN: Tom Lee's 'BitMine' buys $49M worth of Ethereum

Volvo Cars Q2 Earnings Miss Forecasts as Chinese Sales Drop and Electric SUV Production Costs Bite Nvidia Partners With Japan’s Noetra to Supply 27,500 Rubin Chips for 140 MW Robotics AI Data Center