Bitmine Immersion Technologies Announces Holdings Of 5,929,198 ETH, 4.9% Of Total Supply, With Crypto, Cash And Moonshots Totaling $15.7B; Says It Acquired 28,086 ETH Over Past Week
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Why It Matters
A company called Bitmine said it now owns almost 5% of all ethereum (a big digital money), worth about $15.7 billion, and bought more this week. When a big company keeps buying and holding something, it can show they believe in it long-term, though it doesn't guarantee anything will happen.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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