Bitmine Adds 25,000 ETH for $41M, Holdings Top 5.54M ETH or 4.59% of Supply

Bitmine Immersion Technologies said it bought 25,000 ETH for about $41 million via custodian BitGo, taking its three day purchases to 125,000 ETH worth roughly $206 million. The NYSE listed firm BMNR reported total holdings above 5.54 million ETH, about 4.59% of Ethereum supply, with about 85% staked through its MAVAN validator network.