Ethereum
BMNR stock jumps 7% as Bitmine closes in on owning 5% of all ETH
Bitmine Immersion Technologies [BMNR] just bought more Ethereum [ETH]. At this point, it’s a habit. However, the pile isn’t negligible anymore, making this worthy enough to take a look. Bitmine now just 50K tokens away from 5% goal! Bitmine picked up 8,573 ETH last week, at $2,261 per token. That’s worth nearly $20 million! At press time, the total stash was worth 6,060,506 ETH. In fact, that’s 4.9% of Ethereum’s 122.2 million supply . The company has been chasing 5% for about 15 months and now, they’re about 50,000 ETH short. According to Chairman Tom Lee, Bitmine has bought ETH every...
AMBCrypto3 min read
