Bitmine's $15.6 Billion Crypto Holdings Surge Past 5 Million ETH Tokens
Bitmine Immersion Technologies (BMNR) has announced its Ethereum holdings have reached 5.90 million tokens, which is 4.9% of the total ETH coin supply of 120.7 million.
The company's total crypto and cash holdings are now valued at $15.6 billion.
Bitmine's Chairman, Thomas 'Tom' Lee, stated that Ethereum has outperformed the S&P 500 by 5,430 basis points through last Friday in the third quarter of this year.