Key facts
- Bitmine Immersion Technologies purchased 32,447 Ether last week.
- The company's total Ether holdings are 5,847,611 ETH.
- Bitmine is approximately 187,000 ETH away from its 5% supply target.
- Ether's price has risen over 30% in the past week.
- Bitmine has staked 5,067,309 ETH, representing 87% of its holdings.
Bitmine Immersion Technologies has continued its aggressive accumulation of Ether, purchasing an additional 32,447 ETH last week. This move brings the company's total holdings to over 5.8 million ETH, representing approximately 4.8% of the circulating supply, and places it closer to its target of holding 5% of the total Ether supply. The company's recent purchases coincided with a significant rally in Ether, which has surpassed $2,500, driven by factors including increased investor appetite for risk and positive sentiment following the U.S. Treasury's announcement to increase purchases of longer-dated Treasurys. Ether has seen gains of over 30% in the past week, outperforming Bitcoin. Bitmine has staked 5.07 million ETH, representing 87% of its holdings.