BitMine Boosts Ethereum Holdings Amid Market Downturn

BitMine Immersion Technology, or BMNR, has significantly boosted its Ethereum holdings, now owning three percent of all circulating Ethereum, despite market downturns. The company recently acquired nearly seventy thousand additional Ethereum tokens, valued at approximately one hundred ninety-five million dollars, bringing their total Ethereum stash to over three point six million tokens. This move comes as other digital asset companies pull back, with BitMines available cash increasing to eight hundred million dollars. Despite a twenty-three percent share decline and unrealized losses of around four billion dollars on their Ethereum investment, BitMine remains committed to increasing its crypto reserves.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.