BitMine Adds $92 Million in Ethereum, Now Holds 4.7% of Circulating Supply
Publicly traded Ethereum treasury firm BitMine Immersion Technologies added $92 million worth of ETH to its balance sheet last week, bringing its total holdings to approximately 5.67 million ETH or around 4.7% of the circulating supply. The acquisition coincided with a new preferred equity offering (BMNP) that raised about $274 million for further Ethereum purchases and staking infrastructure development.
Topics: BitMine Immersion Technologies Ethereum preferred equity offering staking