Bitmine’s Holdings Value Falls to $15.1 Billion Even as Its Ether Stash Keeps Growing
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Bitmine Immersion Technologies (NYSE: BMNR) added 12,535 ETH in the past week, lifting its ether stash to 6,041,481 ETH , even as the dollar value of everything it owns dropped for a second week in a row, the company said on Monday. Bitmine put its crypto, cash, marketable securities and “moonshot” stakes at a combined $15.1 billion as of 3 p.m. ET on Oct. 18. Its weekly updates showed $16.2 billion on Oct. 12 and $17.4 billion on Oct. 5 . The decline comes as the most recent release valued its ether at $2,365 per token, a Coinbase price, versus $2,544 in the prior week’s update.
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