According to Cryptoticker, BitMine has added $88 million worth of Ethereum to its treasury, bringing its total ETH holdings to 4,066,062. The firm, led by Tom Lee, has been aggressively accumulating ether, with an average acquisition price of $2,991 per token. Onchain data shows the latest purchase occurred through BitGo and Kraken, though the firm has not confirmed the exact transaction details. BitMine aims to capture 5 percent of Ethereum’s circulating supply, positioning itself as a bridge between traditional finance and DeFi. Despite the accumulation, the market response has been muted, with Ethereum trading near $2,923 and BitMine’s stock down 0.86 percent.
BitMine Adds $88M in ETH, Now Holds 4.06M Ether in Treasury
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Summary
BitMine added $88 million in ETH to its treasury, raising its total holdings to 4,066,062 ether. The firm’s average ETH price paid is $2,991. Recent buys went through BitGo and Kraken, though no transaction details were confirmed. With a goal to hold 5% of ETH’s supply, BitMine continues to push traditional finance into DeFi. ETH price remains near $2,923, while altcoins to watch show little reaction. BitMine’s stock fell 0.86% in after-hours trading.
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