BitMine Streak Hits 65 Weeks as Holdings Near 5% Ethereum Supply Target

BitMine Immersion Technologies has added another significant amount to its Ethereum holdings. The company bought 53,501 ETH, extending its weekly buying streak to 65 weeks.

The total holdings of BitMine now stand at approximately 5.90 million ETH, which represents roughly 4.9% of Ethereum's total supply.

This acquisition brings the firm within 0.1 percentage point of its 5% treasury target.

BitMine's combined cryptocurrency, cash, and equity holdings are valued at around $15.6 billion, with approximately $12.7 billion tied up in staked ETH.