BitMine Reports $13.7 Billion in Assets and 3.4 Million ETH Tokens
BitMine Immersion Technologies (NYSE American: BMNR) announced that its total cryptocurrency, cash, and other assets amount to $13.7 billion as of November 2.


BitMine Immersion Technologies (NYSE American: BMNR) announced that its total cryptocurrency, cash, and other assets amount to $13.7 billion as of November 2.
BitMine Immersion has purchased nearly $113 million worth of Ethereum (ETH) from digital asset custodian BitGo. A transaction from wallet address “0xDc8…3a07f” included approximately 27,316 ETH, indicating that BitMine continues its aggressive accumulation strategy.
The largest Ethereum treasury company, BitMine Immersion Technologies, led by Tom Lee, took advantage of the ETH price drop to accumulate more cryptocurrency.
BitMine purchased 202,037 ETH during a market downturn, bringing it significantly closer to its goal of accumulating 5% of the total Ethereum supply.
Over the past week, BitMine has purchased 179,251 ETH worth approximately $823 million at an average price of $4,535 per coin. During the same period, ETH has risen by nearly 13%.
BitMine Immersion Technologies (New York American: BMNR) announced that the total value of its cryptocurrency and cash assets stands at $13.4 billion as of October 5
BitMine Immersion Technologies, a cryptocurrency custody firm, announced that it holds 2.4 million ETH. This represents more than 2% of Ethereum’s total supply.
Ethereum’s rise above $4,600 appears to have boosted confidence in ETH’s long-term success from one of Wall Street’s most vocal cryptocurrency advocates.
BitMine Immersion Technologies (NYSE AMERICAN: BMNR) announced cryptocurrency and cash assets totaling $8.82 billion as of August 24. According to the press release, the company holds 1,713,899 Ethereum tokens valued at $4,808 per token, 192 Bitcoin, and $562 million in cash.
BitMine Immersion Technology, led by Tom Lee, has taken advantage of Ethereum’s price dip and added 106,485 ETH to its holdings. The company now holds 1,297,093 ETH, currently valued at around $5.68 billion.
According to a filing with the SEC, BitMine has planned to increase its stock sale program by an additional $20 billion for new Ethereum purchases. The company already holds over 1.15 million ETH in its portfolio.