Bitmine lifts Ethereum treasury to 5.7 million ETH through ‘challenging’ weekly slide, joins Russell 1000
The Block·
60-second summary
Bitmine continues to accumulate Ethereum, adding 27,084 coins last week and lifting its treasury to 5.70 million ETH, now valued at $8.9 billion. This brings the company 94% of its 5% Ethereum supply target, a significant milestone. The substantial holdings are a testament to the company's long-term commitment to the cryptocurrency market.
Bitmine added 27,084 ETH last week, bringing total holdings to 5.70M coins worth $8.9B as the company hits 94% of its 5% ETH supply target.