Overview
- BitMine said it purchased 82,353 ETH through last week, a roughly $306 million addition reported on Monday.
- Total holdings now stand at 3.4 million ETH—about 2.8% of supply—with Tom Lee saying the company is more than halfway to its 5% target.
- The company reported unencumbered cash rose to $389 million from $305 million a week earlier to support future buying.
- BitMine’s assets include 192 bitcoin and a $62 million stake in Eightco Holdings, bringing combined crypto, cash and equity to $13.7 billion.
- Shares fell about 5.7% in early trading as ETH declined 3.5% over 24 hours, with other crypto treasuries recently contending with price pressure and funding constraints.