Well, slap my wallet and call me impressed! BitMine Immersion Technologies, the crypto miner turned Ethereum treasure hunter, has gone and done it again. This time, they’ve stuffed another $200 million worth of ETH into their already bursting piggy bank. 🤑 Because, you know, what’s a few hundred million between friends?
- BitMine snagged 46,255 ETH (aka a small country’s GDP) in their second shopping spree this week. 🛍️
- Their total stash now sits at 2.116M ETH, valued at a cool $9.2B. 💰
- Public firms collectively hold around 3.62M ETH – because who needs gold when you’ve got crypto? 🏦
Now, BitMine didn’t exactly shout this from the rooftops, but those clever sleuths at Lookonchain spotted 46,255 Ether waltzing into BitMine’s coffers on Wednesday. 🕵️♂️ No cloak and dagger needed when you’ve got blockchain analytics!
Apparently, BitMine split the purchase into three transactions via Bitgo, because why do one big splurge when you can make it a trilogy? 🎬 Lookonchain estimates the total at $200.43 million – chump change, really. 😏
BitMine: The ETH Kingpin 👑
With today’s haul, BitMine has dropped roughly $250 million this week alone, scooping up 56,545 ETH. On Monday, they casually mentioned picking up 202,469 ETH last week for $881 million. Because, you know, pocket money. 🧦
As of September 11, their ETH hoard stands at 2.116 million, valued at over $9.2 billion. That’s 1.75% of Ethereum’s circulating supply – enough to make even Vitalik Buterin raise an eyebrow. 🤨
Since their June pivot to a crypto treasury strategy (aka the “let’s bet the farm on ETH” plan), BitMine has been on a shopping spree, aiming to own 5% of Ethereum’s total supply. Ambition? They’ve got it in spades. ♠️
And let’s not forget the shareholders, who are probably doing the happy dance right now. Shares are up 970% since BitMine announced their ETH plans. 🕺💃 Cathie Wood’s Ark Invest, holding 6.7 million shares, is probably popping champagne as we speak. 🍾
Oh, and they’ve roped in David Sharbutt, a former American Tower bigwig, to help steer their Ethereum ship. Because when you’re scaling a crypto empire, you need someone who’s done it with actual towers. 🏗️
The Ethereum Treasury Arms Race 🚀
BitMine isn’t alone in this crypto gold rush. SharpLink Gaming, The Ether Machine, and Bit Digital are also loading up on ETH like it’s going out of style. 🛒 Public companies now hold 3.62 million ETH, according to Ethereum Treasuries. It’s like a game of “who’s got the biggest wallet?” 🎒
So, there you have it. BitMine is sitting pretty at the top of the ETH heap, and the rest of the world is just trying to keep up. Will they hit their 5% goal? Only time (and a lot more ETH) will tell. ⏳
Read More
- DOT PREDICTION. DOT cryptocurrency
- Brent Oil Forecast
- GBP CNY PREDICTION
- Gold Rate Forecast
- SEI PREDICTION. SEI cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- LTC PREDICTION. LTC cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- USD KZT PREDICTION
- Bitcoin’s Big Gamble: Binance’s Surge & $180K Dream 🚀
2025-09-11 11:51