Bitmine Buys Another 15,112 ETH, Holdings Reach 6.02 Million ETH
Bitmine has purchased another 15,112 ETH, bringing its total Ethereum holdings to 6,016,414 ETH, according to CoinMarketCap. The latest acquisition moves the company 99% of the way toward its stated goal of holding 5% of the total Ethereum supply.
Bitmine Adds 15,112 ETH
CoinMarketCap reported the latest purchase in a post on X, identifying the acquisition as an additional 15,112 ETH. Following the transaction, Bitmine's reported Ethereum holdings stand at 6,016,414 ETH.
The size of the holdings places the latest purchase within Bitmine's broader strategy of accumulating Ethereum. CoinMarketCap said the company is now 99% of the way toward its target of holding an amount equivalent to 5% of the total Ethereum supply.
Ethereum Holdings Target
Bitmine's stated objective is based on controlling a 5% share of the total Ethereum supply. The latest figures cited by CoinMarketCap indicate that the company has reached 99% of the way toward that goal after adding another 15,112 ETH.
The reported holdings and acquisition figure provide the latest update on Bitmine's progress toward its Ethereum accumulation target. CoinMarketCap did not provide additional details in the post about the purchase price or the timing of the transaction.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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