Skip to content

Bitcoin

Bitmine Marches Toward 5% of Ethereum Supply After Fresh ETH Buy and Share Purge

Josh1 min read

Bitmine's Tom LeeBitmine Immersion Technologies added 9,946 ETH and retired 6.1 million shares last week, tightening its grip on ethereum’s supply while signaling that management sees value in both the asset and its own stock. As of 7 p.m. EDT on July 26, Bitmine disclosed it held 5,787,414 ETH worth about $11.27 billion at a Coinbase price […]

Source: https://news.bitcoin.com/bitmine-marches-toward-5-of-ethereum-supply-after-fresh-eth-buy-and-share-purge/

Market Analyst

Josh

This author has not added a bio yet.

View all analysis