Bitmin Immersion Technologies (BMNR) Holdings reached 2.65 million tokens, the company announced in a Sunday evening press release (US Hours). This amount would represent more than 2% of the total ETH offer, said the company.
Combined with 192 BTC, $ 157 million in “moonshot” shares and $ 436 million in unused cash, the company’s assets were worth $ 11.6 billion.
The total ether of the company apparently belonging to a leap of approximately 200,000 ETH, or about 820 million dollars, of its previous update of the Treasury of the Ether.
Bitmine’s goal is to have 5% of all ETH. According to the words of the company, “alchemy of 5%” would position the Binage to benefit from the long -term network effects of Ethereum.
Tom Lee, research manager of Fundstrat and president of Bitmine, described Crypto as one of the two “supercycle” investment stories of the decade, alongside AI.
“These two powerful macro cycles will take place over the decades. Since the price of ETH is a discount on the future, this augurs well for the token and is the reason why the main active of the Bitmine is Eth,” he said.
Bitmin is currently the main company of the Treasury of the ETH, well in advance on the finalist of Sharplink Gaming, which holds 838,730 ETH according to data from Strategiestereserve. In total, these companies hold 5.26 million ETH, or around 4.34% of its offer.
The shares are higher 3% in action before marketing alongside a rebound on weekends at the price of ETH at $ 4,110.
