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Crypto

Bitmine buys 52,202 more ether, takes 4.7% of total supply

Bitmine, an ethereum treasury company, bought an additional 52,202 ether in a week, raising its total holdings to 5,672,956 ether. As of June 21, this amounts to 4.7% of ethereum’s total supply of 120.70 million tokens, about 94% of its stated 5% target. Bitmine valued its ether at $1,733 per token and put total ether holdings at $9.83 billion, with total assets at $10.7 billion including bitcoin, cash, securities and other investments.

Crypto

BitMine buys another 127,000 ether, raises holdings to 4.59% of supply

BitMine Immersion Technologies has increased its ether holdings to 5,543,872 ETH, equivalent to 4.59% of total ether supply. The company bought about 127,000 ETH over the past week, moving closer to its goal of holding 5% of supply, which it calls “Alchemy of 5%.” It said 4.72 million ETH is staked and outlined expected annualised returns from staking. The firm also reported holdings of 204 bitcoin and $247 million in cash.

Crypto

BitMine holds 4.47% of ether supply, buys 111,942 ETH in a week

BitMine Immersion Technologies bought an additional 111,942 ETH over the past week, a purchase worth 370 billion yen, raising its ether holdings to 5,390,404 ETH, equal to 4.47% of the total supply. The company valued its holdings at about $11.5 billion using an ETH price of $2,134. It is also increasing staking, with 4,712,917 ETH staked as of May 25 and an annualised yield of 2.75%.