In brief
- Leading Ethereum treasury company BitMine Immersion Technologies now holds $13 billion worth of ETH.
- The company purchased $823 million worth of Ethereum over the last week, it said Monday.
- BitMine is second only to Bitcoin giant Strategy in terms of the value of its crypto treasury holdings.
BitMine Immersion Technologies, the leading publicly traded Ethereum treasury firm, announced Monday that it boosted its total ETH holdings to $13 billion with a sizable purchase last week.
The company acquired 179,251 ETH over the last week, or about $823 million worth at the current price. The firm now holds 2.83 million ETH, valued at around $13 billion as of this writing.
In addition to its ETH treasury, BitMine holds 192 Bitcoin (nearly $24 million worth), a $113 million stake in Eightco Holdings, and cash holdings of $456 million. Its ETH was acquired at an average price of $4,535 per token, or below Ethereum’s current price of…
