BitMine Added Over 110,000 ETH Last Week, Lifting Holdings Above 5.39 Million ETH BitMine, one of the largest publicly traded Ethereum trea…
BitMine Added Over 110,000 ETH Last Week, Lifting Holdings Above 5.39 Million ETH
BitMine, one of the largest publicly traded Ethereum treasury companies, said it held 5,390,404 ETH as of May 25, representing about 4.47% of Ethereum’s total supply, after adding 111,942 ETH from the prior week. The company said its crypto assets, cash and “Moonshots” investments totaled about $12.3 billion, including $444 million in cash, 203 BTC, a $200 million stake in Beast Industries and $95 million in ORBS shares. BitMine has staked 4,712,917 ETH, worth about $10.1 billion at current prices. Chairman Tom Lee said ETH’s pullback below $2,200 is an “attractive opportunity.”
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