Bitmine Immersion Technologies (BMNR), the largest Ethereum-focused crypto treasury company, purchased another 28,086 ether (ETH) last week as it moves closer to its ambitious target of owning 5% of Ethereums total supply. The latest Ethereum acquisition was worth approximately $69.4 million based on ETHs Tuesday price of around $2,472. The purchase increased Bitmines total holdings to 5,929,198 ETH, reinforcing its position as a major institutional holder of the cryptocurrency. Bitmine now needs to acquire roughly another 171,000 ETH to reach its 5% Ethereum supply target. The company has… Read more
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