Funding
Bitmine Buys More Ethereum
Ethereum treasury firm Bitmine Immersion Technologies has added 12,532 ETH to its holdings, increasing its total to 6,028,946 ETH, which represents 4.9% of the total Ethereum supply. The firm, led by Chairman Tom Lee, has valued its ETH holdings at $2,544 per token, bringing its total crypto, cash, and investment holdings to $16.2 billion. Bitmine has previously announced its goal of owning 5% of the Ethereum supply, and has stated that it is nearly there, with Lee predicting the biggest crypto bull market yet. The firm has also mentioned its 9.5% perpetual preferred stock, BMNP, which has seen its price rise to $99.53 from $80, according to the release.