BitMine Immersion Technologies (BMNR) bought 51,162 Ether ($ETH) last week, about $98 million at current prices.
The latest purchase brings the company’s total holdings to over 4.42 million tokens as of February 22, accounting for 3.66% of the total token supply, the company said in its latest update on Monday. The company also holds 193 Bitcoins, 691 million in cash, and stocks, including a $200 million investment in Beast Industries and a small investment in Eightco Holdings.
The company said it generates $171 million in annual revenue from staking more than $3 million in stocks. $ETH Collection.
BMNR fell 2% in pre-market trading and is down about 60% over the past six months.
at the price of $ETH According to DropsTab, the company’s losses from the $16.4 billion acquisition now exceed $8 billion, although it continues to fall, falling another 3% to $1,918 in the past 24 hours.
“In the midst of this ‘mini-crypto winter’, we remain focused on systematically executing our financial strategy and steadily acquiring cryptocurrencies. $ETH And as a result, our productivity is optimized. $ETH We own it,” said Thomas Lee, chairman of BitMine.
