PANews, March 30: According to PR Newswire, Bitmine Immersion Technologies (BMNR) disclosed that it purchased 71,179 ETH last week, bringing its total ETH holdings to 4,732,082 ETH, approximately 3.92% of ETH’s total supply. Of this, 3,142,643 ETH have been staked, valued at approximately $6.3 billion at $2,005 per ETH. The company stated that its total crypto assets, “moonshot” investments, and cash amount to approximately $10.7 billion, including 197 BTC, a $200 million investment in Beast Industries, a $102 million investment in Eightco Holdings (ORBS), and $961 million in cash. Bitmine noted that it has increased its ETH staking volume through its proprietary staking platform, MAVAN, with a long-term goal of acquiring 5% of ETH’s total supply.
Bitmine purchases 71,179 ETH, bringing total holdings to 4.732 million.
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Summary
Bitmine announces an ETH update, revealing the purchase of 71,179 ETH over the past week. Total holdings now reach 4,732,082 ETH, representing 3.92% of the total ETH supply. Of this, 3,142,643 ETH are staked, valued at approximately $6.3 billion at $2,005 per ETH. The company reported that its total crypto assets, moonshots, and cash amount to about $10.7 billion, including 197 BTC, $200 million in Beast Industries, $102 million in Eightco Holdings, and $961 million in cash. Bitmine also noted increased ETH staking via its MAVAN platform, aiming to secure 5% of the ETH supply. This ETH development marks a significant step in its long-term strategy.
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