Bitmine immersion technologies (BMNR) Holdings rose to 2.65 million tokens, the company announced in a press release on Sunday night (US hours). That amount would be more than 2% of ETH’s total supply, the company said.
Combined with 192 BTC, $ 157 million in “MoNSHOT” shares and $ 436 million in cash without gravation, the company’s holdings were worth $ 11.6 billion.
Ether’s total of the company, apparently, shows a jump of around 200,000 ETH, or around $ 820 million, of its previous update of the Ether Treasury.
Bitmine’s goal is to have 5% of all ETH. In the words of the company, the “5%alchemy” would position Bitmine to benefit from Ethereum’s long -term network effects.
Tom Lee, Chief of Research of Fundstrat and president of Bitmine, described Crypto as one of the two investment narratives of “Superciclo” of the decade, together with Ia.
“These two powerful macro cycles will develop for decades. Since the price of ETH is a discount for the future, this is a good omen for the Token and is why the main asset of the Bitmine Treasury is Eth,” he said.
Bitmine is currently the main Treasury firm of ETH, far ahead of the Sharplink Gaming runner -up, which has 838,730 ETH according to the Strategictgengeve data. In total, these companies have 5.26 million ETH, or around 4.34% of their supply.
The shares are higher by 3% in the previous action along with a weekend rebound at the price of ETH at $ 4,110.
