Bitmine’s Holdings Value Dips to $15 Billion Despite 10,452 ETH Buy

Bitmine Immersion Technologies bought 10,452 ETH in the week through Oct. 25, lifting its holdings to 6,051,933 ETH , while a lower ether price contributed to a drop in the value of its combined crypto, cash and stakes to about $15 billion , the company announced on Monday. A week earlier, Bitmine reported $15.1 billion in total holdings after adding 12,535 ETH, with ether priced at $2,365. This update used a Coinbase price of $2,356 as of 2 p.m. ET on Oct. 25. At that price, the company’s ether alone is worth roughly $14.3 billion. The stash now equals 4.95% of ether’s 122.2 million supply, leaving Bitmine about 58,000 ETH short of its 5% goal.

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