Bitmine Holds 6.05 Million ETH Worth $15 Billion While BMNR…
By Tobi Opeyemi Amure
AI summary of the source article
Bitmine Immersion Technologies announced it holds over 6.05 million ETH, bringing total holdings to $15 billion. The firm bought 10,452 ETH last week and repurchased 2.04 million shares as it nears its 5% supply target.
Why it matters
At 76.4% of all tracked corporate ether, Bitmine is close to a proxy for the entire trade, so there is no diversification inside the sector.
Key facts
- Bitmine holds 6,051,933 ETH valued at $14.3 billion at a $2,356 mark, bringing total holdings to $15 billion.
- The company bought 10,452 ETH over the past week and repurchased 2.04 million of its own shares at an average of $22.48.
- Bitmine holds 4.95% of the 122.2 million ETH supply and accounts for 76.4% of all tracked corporate ether.
Source excerpt · FinanceFeeds
Bitmine Immersion Technologies said on Monday it holds 6,051,933 ETH, worth $14.3 billion at the $2,356 mark it used, bringing total crypto, cash and what it calls “moonshot” holdings to $15 billion. The company bought 10,452 ETH over the past week and repurchased 2.04 million of its own shares at an average of $22.48. The figure to hold onto is not the $15 billion. Three weeks ago the same weekly…