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BitMine expands ETH accumulation amid crypto treasury pressure

BitMine expands ETH accumulation amid crypto treasury pressure

Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) scooped 42,197 ETH last week, extending its weekly accumulation streak of the top altcoin.

The purchase has pushed the company’s total ETH holdings to 5.74 million ETH worth roughly $10.27 billion at the time of writing.

BitMine also declared holdings of 206 Bitcoin (BTC), a $180 million stake in Beast Industries, a $71 million stake in Worldcoin treasury, Eightco Holdings (ORBS) and total cash and marketable securities of $527 million.

BitMine Chairman Thomas Lee noted an increase in the odds for passage of the Clarity Act.

“We believe regulatory clarity is an important milestone, enabling crypto, particularly smart contract platforms like ethereum to benefit, as crypto…

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