BitMine Immersion Technologies Increases Ethereum Holdings with Significant Purchase

BitMine Immersion Technologies has acquired 71,252 Ethereum, valued at approximately $152 million, in the week ending April 5. According to NS3.AI, this acquisition has increased BitMine's total Ethereum holdings to 4.803 million, which is valued at around $10.3 billion and represents 3.98% of the circulating supply. The company has expressed its intention to accumulate 5% of the circulating supply. Following this purchase, shares of BMNR rose by about 6% on Monday.