Bitmine Immersion (BMNR) said on Monday that its Ethereum (ETH) holdings have continued to climb, reaching 5 million tokens and getting closer to the company’s longer-term goal of owning 5% of the total ETH supply.
The firm described the update as evidence that a “crypto spring” has begun, and used the announcement to reinforce why it believes ETH matters not only as an asset, but also as a form of diversification for investors.
What’s In Bitmine Immersion’s Portfolio?
Trending: LeBron James Yet Again Swept Out of the NBA Playoffs
According to Bitmine’s disclosure, the company controls more than 4.31% of ETH’s total supply of 120 million coins. The release also breaks down its overall crypto and non-crypto holdings as of May 10.
Bitmine reported 5,206,790 ETH valued at $2,366 per ETH, along with 201 Bitcoin (BTC). Beyond the major cryptocurrencies, the company said it has a $200 million stake in Beast Industries, an $88 million stake in Eightco Holdings, and total
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!