Bitmine adds $19.6M in ETH, repurchases 4.5M shares
CoinTelegraph·
60-second summary
Bitmine is adding $19.6 million in ETH to its holdings, bringing its total to about 4.8% of Ether's circulating supply, as it continues to pursue its 5% acquisition target. This significant move indicates Bitmine's commitment to expanding its Ethereum position, potentially impacting the market with increased demand and price stability. Market sentiment remains cautiously optimistic.
Bitmine said it now holds about 4.8% of Ether’s circulating supply as it pursues its 5% acquisition target.