Bitmine Buys $43M in ETH, Nears 5% Supply Goal

Bitmine Immersion Technologies purchased 27,084 ether last week for about $43 million, lifting its holdings to 5.7 million ETH, or roughly 4.7 percent of Ethereum's circulating supply. The company now controls about $9.8 billion in crypto, cash and investments, nearing its goal of owning 5 percent of all ETH.