Bitmine Immersion Technologies (BMNR), Ethereum dedicated to Digital Asset Treasury Firm chaired by Fundstrat’s Thomas Lee, continues to buy Ether Adding 179,251 tokens to its balance by last week, costing about $ 820 million at current prices.
In the latest purchase, the company’s Eth Stash exceeds 2.83 million tokens, more than 2% of the second largest cryptocurrency supply, according to a Monday Press release.
Shares reached a 4% premarket next to the weekends at crypto prices.
The company said the total crypto and cash reserves stood at $ 13.4 billion, including $ 456 million cash, 192 Bitcoin and a stake in Eightco Holdings (orbs), a digital vehicle of asset treasury dedicated to .
The BMNR stock reached 4.3% pre-market to over $ 59, its strongest level in two weeks.
Since June of June of the company, Bitmine is part of the treasury treasury of digital assets in which companies that publicly exchanged funds raised funds to accumulate cryptocurrencies, following the playbook of Michael Saylor’s approach, the largest owner of corporate Bitcoin in the world.
The bitmine corner aims 5% of the ether supply and produces produce by staking tokens. The firm is currently in rank as the largest listed ETH treasury firm and only monitors BTC -dedicated approaches dedicated to Bitcoin to all Crypto treasury companies.
“We remain confident that two supercycle investment narratives remain (artificial intelligence) AI and Crypto,” Chairman Thomas Lee said in a statement. “Since the price of ETH is a discount in the future, it is great for the token and the cause of the main owner of Bitmine’s treasury is ETH.”
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