Bitmine Immersion Adds $800M Of Ether, Bringing ETH Holdings Over $13B

BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury company led by Fundstrat’s Thomas Lee, extended its ether buying streak purchasing over 200,000 tokens, roughly $800 million, through last week.

After the latest purchase, the company held $13.4 billion in combined crypto, equity and cash assets as of Sunday evening, it said in a press release. That includes over $219 million in unencumbered cash, 192 bitcoin and a $119 million equity stake in Eightco Holdings.

The ETH portion accounted for the majority of BitMine’s holdings, now standing at 3.24 million tokens, worth a bit over $13 billion at current prices. That’s about 2.7% of the total ETH supply, with the firm’s ambition to reach 5%.

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