Bitmine Expands Ethereum Holdings by 28,086 Tokens
Bitmine Immersion Technologies (Bitmine) has announced its latest holdings update for September 8, including additional Ethereum (ETH) acquisitions. According to the company, it acquired 28,086 ETH over the past week.
The total value of Bitmine's crypto assets and cash holdings is approximately $15.7 billion as of September 7. This includes 5,929,198 ETH, 211 Bitcoin (BTC), a $180 million stake in Beast Industries, a $91 million stake in Eightco Holdings, and $595 million in cash and marketable securities.
Bitmine's Ethereum holdings represent approximately 4.9% of the total supply, which is its target under the 'Alchemy of 5%' strategy. The company also holds staked ETH worth around $126 billion at current prices, with a 7-day yield of 2.61%.