Bitmin Immersion Technologies (BMNR), the cashier digital asset company focused on Ethereum led by Thomas Lee from Fundstrat, continued to buy ether Adding from 179,251 tokens to its balance sheet until last week, worth around $ 820 million at current prices.
With the latest purchase, the company’s ETH exceeded 2.83 million tokens, more than 2% of the second largest offer in the cryptocurrency, according to a press release on Monday.
The shares are up 4% preheating in parallel with the gains of the weekend of cryptography prices.
The company said that the total crypto and cash stores amount to $ 13.4 billion, including $ 456 million in cash, 192 bitcoin and a participation in Eighco Holdings (ORBS), a cash with digital active ingredients has focused on .
The BMNR action increased by 4.3% before the market to just over $ 59, its strongest level in two weeks.
Since the company’s June pivot, Bitmin has been part of the treasure treasure treasure of digital assets where companies listed collect funds to accumulate cryptocurrencies, according to the strategy game of the strategy of Michael Saylor, the largest owner of Bitcoin de corporate in the world.
Bitmin aims to wedge 5% of Ether’s diet and generate a yield by punctuating the tokens. The company is currently classifying as the largest listed Ethy Cash company and only follows BTC assets of Bitcoin Strategy among all cryptographic treasure companies.
“We remain convinced that the two supercycle investment stories remain [artificial intelligence] AI and crypto, “said President Thomas Lee in a statement.” Since the price of ETH is a discount on the future, it augurs well for the token and is the reason why the main asset of the Bitmine is East Treasury. “”
Read more: how the Fusaka Ethereum upgrade could change the situation, explains the active director Vaneck
