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US crypto firm Bitmine buys 28,086 ETH, nears 5% goal
Bitmine Immersion Technologies, a US-listed company focused on building an Ethereum treasury, said on September 8 that it bought 28,086 ether last week for about US$69.4 million at an ether price of US$2,472 on the day.
The purchase brought its holdings to 5,929,198 ETH.
Bitmine said it is about 171,000 ETH short of its goal of holding 5% of Ethereum’s supply.
It added that it has bought ETH every week since launching its Ethereum treasury strategy in June 2025.
Bitmine, which trades under the ticker BMNR, has described itself in company releases as the world’s largest ETH treasury.
The plan is backed by a proposal to issue US$20 billion of stock to buy more ETH.
🔗 Source: CoinDesk
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