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Bitmine Buys $69.5M in Ether Nearing 5% Supply Milestone

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitmine Immersion Technologies purchased 28,086 Ether worth $69.5 million, bringing total holdings to 5.93 million ETH.
  • The company now controls 4.9% of Ethereum's circulating supply, nearing its 5% accumulation target despite facing $5.1 billion in unrealized losses.
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2441.79 +24.26% over the displayed period

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