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38m ago

BitMine Adds 179,251 ETH, Lifting Holdings to 2.83 Million and Reserves to $13.4 Billion

The company is pursuing a 5% share of circulating ether through financed accumulation, planning to stake the trove for yield.

Bitmine immersion added $821m in ether, bringing cash and crypto holdings to $13.4b
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Tom Lee's BitMine acquires 179,251 ETH in the past week
Bitmine outpaces dat rivals with aggressive ethereum accumulation spree

Overview

  • Last week’s purchase amounted to roughly $820–$823 million and pushed BitMine’s stash above 2% of ether’s supply.
  • The ETH position is valued near $13 billion, with total reserves of $13.4 billion including $456 million in cash, 192 BTC, and about $113 million in Eightco Holdings.
  • BitMine reported an average acquisition price of $4,535 per ETH, below the market level at the time of the disclosure.
  • BMNR shares rose roughly 4%–5% Monday morning after the update, trading near $59 to $60.
  • BitMine ranks as the largest publicly listed Ethereum treasury and the second-largest overall behind Strategy, according to the company and market comparisons.