Bitmine Adds 12,535 Ether, Lifting Treasury to 6.04 Million ETH

Bitmine Immersion Technologies added 12,535 Ether (ETH) over the past week, lifting its treasury to 6,041,481 tokens, or about 4.9% of the cryptocurrency’s total supply. The Oct. 18 balance was 12,535 ETH higher than a week earlier. Bitmine had staked 5,067,309 ETH, about 84% of its Ether balance. That amount was unchanged from the previous week. The staked tokens were valued at about $12 billion. Across cryptocurrency, cash, marketable securities and other investments, Bitmine’s holdings totaled about $15.1 billion. That included $582 million in cash and marketable securities, 215 Bitcoin (BTC), a $180 million stake in Beast Industries and a $74 million investment in Eightco Holdings. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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