Ethereum (ETH) Treasury News; BitMine (BMNR) Buys $821M Ether
BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury firm led by Fundstrat’s Thomas Lee, continued to buy ether adding 179,251 tokens to its balance sheet through last week, worth roughly $820 million at current prices.
With the latest purchase, the firm’s ETH stash surpassed 2.83 million tokens, more than 2% of the second largest cryptocurrency’s supply, according to a Monday press release.
Shares are up 4% premarket alongside the weekend gains in crypto prices.
The company said total crypto and cash reserves stand at $13.4 billion, including $456 million in cash, 192 bitcoin , and a stake in Eightco Holdings (ORBS), a digital asset treasury vehicle focused on .
BMNR stock…
