BitMine Immersion (BMNR.US) Steadily Advances Coin Accumulation Strategy: Acquires Additional 24,000 Ethereum, Holdings Value Reaches $12.6 Billion

Stock News

2025/10/10

BitMine Immersion Technologies Inc. (BMNR.US) has purchased over $103 million worth of Ethereum, bringing its total Ethereum reserves to $12.6 billion. According to data from October 10th, the company acquired an additional 23,823 Ethereum tokens (valued at approximately $103.68 million) from BitGo. This latest acquisition increases the company's total Ethereum holdings to 2.87 million tokens, worth $12.6 billion at current market prices.

BitMine continues to accumulate Ethereum through equity raises and strategic acquisitions, following a strategy that mirrors Michael Saylor's approach with MicroStrategy (MSTR.US). The company's objective is to hold 5% of the global circulating Ethereum supply.

BitMine remains committed to its "shares-for-coins" strategy. The company, which has been aggressively acquiring Ethereum, previously announced a $365.24 million registered direct offering along with details of its related asset holdings.

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(BMNR.US) has purchased over $103 million worth of Ethereum, bringing its total Ethereum reserves to $12.6 billion. According to data from October 10th, the company acquired an additional 23,823 Ethereum tokens (valued at approximately $103.68 million) from BitGo. This latest acquisition increases the company's total Ethereum holdings to 2.87 million tokens, worth $12.6 billion at current market prices.</p>\n<p>BitMine continues to accumulate Ethereum through equity raises and strategic acquisitions, following a strategy that mirrors Michael Saylor's approach with MicroStrategy (MSTR.US). The company's objective is to hold 5% of the global circulating Ethereum supply.</p>\n<p>BitMine remains committed to its \"shares-for-coins\" strategy. 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