Tom Lee’s BMNR brings ETH holdings above 4 million tokens
Bitmine Immersion Technologies (BMNR) has announced that it now holds more than 4.14 million ether , approximately 3.43% of the total supply, as it continues to accumulate tokens in an effort to reach its 5% target.
The company’s crypto and cash holdings now total $14.2 billion, including $915 million in cash, 192 BTC and a $25 million stake in Eightco Holdings (ORBS), according to a press release.
Led by Chairman Tom Lee, Bitmine added nearly 33,000 ETH to its treasury during over the past week. Lee has predicted that the price of ether will go as high as $250,000 if bitcoin eventually reaches $1 million.
As of January 4, Bitmine had staked 659,219 ETH, equivalent to approximately $2.1 billion worth. The firm, which…
