BitMine Immersion Increases Ether Holdings to Over $14 Billion
- BitMine Immersion has added $320 million in Ether to its portfolio.
- The firm now holds over 3.31 million ETH.
- This acquisition brings their total holdings to approximately $14 billion.
- BitMine aims to own up to 5% of the total supply of Ethereum.
The increase in holdings reflects BitMine’s strategy to consolidate its position in the Ethereum market, aiming for significant ownership of the token’s supply. This move is part of a broader trend among investment firms focusing on major cryptocurrencies.
With over $14 billion in assets, BitMine is moving closer to its goal of acquiring a notable share of Ethereum’s total supply, currently holding more than three million ETH.(Source)
