How much Ethereum does Bitmine Immersion Technologies Inc. own?

As of November 23, Bitmine Immersion Technologies Inc. owns 3.6 million Ethereum tokens, valued at $10.3 billion.

What is the recent stock performance of Bitmine (BMNR)?

Bitmine (BMNR) stock jumped 19.62 percent on Monday, snapping a three-day losing streak.

What other digital assets does Bitmine Immersion Technologies Inc. hold?

Besides Ethereum, Bitmine Immersion Technologies Inc. also owns 192 Bitcoins and has an $800 million cash reserve.

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Bitmine Buys Billions in Ethereum, Stock Soars

25 Nov

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Summary

Bitmine acquired 69,822 Ethereum tokens, boosting holdings to $10.3 billion.
The company's Ethereum now represents 3% of the total token supply.
Bitmine also holds 192 Bitcoins and $800 million in cash.

Bitmine Buys Billions in Ethereum, Stock Soars

Bitmine Immersion Technologies Inc. (BMNR) experienced a notable surge in its stock value, climbing by 19.62 percent to close at $31.10. This market performance followed the company's successful acquisition of a substantial amount of Ethereum coins. As of November 23, Bitmine's total Ethereum ownership reached $10.3 billion, fulfilling its objective to hold 3 percent of the cryptocurrency's total supply.

The company recently added 69,822 Ethereum tokens to its portfolio, bringing its total holdings to 3.6 million. These tokens were acquired at an average price of $2,840 each. Beyond its significant Ethereum investments, Bitmine Immersion Technologies Inc. also possesses 192 Bitcoins and a $38 million stake in Eightco Holdings, which focuses on Worldcoin. Furthermore, the company maintains substantial liquidity with $800 million in unencumbered cash.