Bitmine reports it has increased its Ethereum treasury to about 5.7 million ETH following purchases made last week. Cointelegraph says the firm bought roughly $43 million worth of Ether, bringing its holdings closer to a stated objective of controlling 5% of Ether’s supply. The Block adds more detail on the size of the increase, reporting Bitmine added 27,084 ETH during the same period. Combined, the outlets say Bitmine’s total holdings reach approximately 5.70 million ETH. The Block further states the holdings are valued at about $8.9 billion and that the company is at about 94% of its 5% supply target. Both sources also note that Bitmine is joining the Russell 1000 Index, framing the purchases as part of its broader treasury accumulation strategy around this milestone. No additional information is provided across the sources about the specific timing of the index inclusion, the method of acquisition, or whether the purchases were funded from existing cash reserves or other financing. Overall, the reports converge on the increased Ether balance and the Russell 1000 entry as the key developments.
Bitmine increases Ethereum holdings to 5.7 million ETH after joining Russell 1000
Bitmine reports it has increased its Ethereum treasury to about 5.7 million ETH following purchases made last week. Cointelegraph says the firm bought roughly $43 million worth of Ether, bringing its...
- Bitmine increases its Ethereum holdings to about 5.7 million ETH after purchases made last week.
- Cointelegraph reports the weekly purchase is about $43 million worth of Ether.
- The Block reports Bitmine adds 27,084 ETH during the same period.
- The company’s total holdings are about 5.70 million ETH, representing roughly 94% of a 5% supply target.
- Bitmine joins the Russell 1000 Index.
Bitmine purchased about $43 million worth of Ether last week as it entered the Russell 1000 Index, bringing it closer to its goal of owning 5% of ETH’s supply.
3 hours agoBitmine 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.
16 hours ago
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