Bitmine Doubles Down on Ethereum, Boosts Holdings to $11.3 Billion

Bitmine Immersion Technologies made significant additions to its cryptocurrency holdings last week. The company purchased 10,399 Ether (ETH), bringing its total holdings to 5,797,813 ETH.

This stockpile of Ethereum is worth approximately $10.9 billion at current prices and accounts for about 4.8% of the circulating supply of Ether, which totals around 120.7 million ETH.

Bitmine's goal is to own 5% of all Ether in circulation, and it appears to be on track to meet this target with its latest purchase.