BitMine Immersion Technologies Surpasses ₩2.75 Trillion in Ethereum Holdings…"Aiming for 5% of Total ETH Supply"
Summary
- BitMine Immersion Technologies announced that it holds about $2 billion (₩2.75 trillion) worth of Ethereum (ETH).
- BitMine stated that its goal is to secure and stake 5% of the total ETH supply.
- The chairman of the board reported the successful acquisition of a large amount of ETH just 16 days after fundraising, likening it to MicroStrategy's Bitcoin strategy.
BitMine Immersion Technologies, a mining company listed on the New York Stock Exchange, was revealed to be holding approximately $2 billion (about ₩2.75 trillion) worth of Ethereum.
According to Blockhead, a media outlet specializing in virtual assets (cryptocurrencies), as of the 23rd (local time), BitMine currently holds a total of 566,776 ETH. The unit price per token is $3,643.75, making the total value $2 billion (about ₩2.75 trillion).
Previously, BitMine announced a plan to purchase $500 million worth of Ethereum and began acquiring Ethereum in earnest.
Thomas Lee, Chairman of the Board at BitMine, stated, "BitMine secured more than $2 billion worth of ETH just 16 days after raising funds," adding, "Our goal is to secure and stake 5% of the total ETH supply." He also noted that this approach is similar to MicroStrategy's Bitcoin strategy.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
