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BitMine Boosts Ethereum Stash Above $8 Billion, Now Holds 1.5% of ETH Supply
BitMine Immersion Technologies recently purchased 153,000 Ethereum, taking a $655 million step toward its goal of owning 5% of the asset’s supply, according to a press release.
The Las Vegas-based firm now owns roughly 1.86 million Ethereum worth $8.1 billion. The company, which initiated its Ethereum treasury strategy in late June, currently owns 1.5% of the 120.7 million Ethereum in existence, according to crypto data provider CoinGecko.
https://decrypt.co/337757/bitmines-boosts-ethereum-stash-8-billion