Bitmine adds 26,497 ETH as BMNR treasury reaches 5.42M ETH, 4.49% of supply

Bitmine said in a June 1 SEC exhibit that it bought 26,497 ETH over the past week and now holds 5,416,901 ETH, or 4.49% of Ethereum's 120.7M supply. The company pegs total crypto, cash and "moonshots" at $11.6B, including 4,718,677 staked ETH, $446M cash, 203 BTC, and stakes in Beast Industries and Eightco. Tom Lee says BMNR is 90% of the way to its 5% ETH target, turning a public miner into one of the market's biggest ETH treasury vehicles.

TLDR by @Benthic

More coverage

• Tom Lee's Bitmine Adds 26,497 ETH, Pushing Treasury to 5.42M ... (news.bitcoin.com)
• Tom Lee's Bitmine Acquires 26,497 ETH, Treasury Reaches $10.85B (coca.xyz)
• Bitmine Immersion Technologies (BMNR) Announces ETH Holdings ... (prnewswire.com)
• BitMine Expands Massive Ethereum Treasury and Staking Platform (theglobeandmail.com)
• Bitmine Immersion $BMNR bought another 26,497 Ethereum $ETH ... (x.com)

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