BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply

BitMine Immersion Technology (BMNR), the largest Ethereum treasury company, continued increasing its ether (ETH) holdings to now holding 3% of the second-largest cryptocurrency supply despite increasing headwinds for digital asset treasury firms amid plunging crypto prices. The firm chaired by well-known investor Tom Lee reported Monday that it acquired 69,822 tokens over the past week, worth around $195 million at current prices, bringing its holdings to 3.63 million tokens. The purchase comes alongside ...