BitMine Immersion Technologies Inc. (NASDAQ:BMNR) purchased 111,942 Ethereum (CRYPTO: ETH), saying the recent pullback is an attractive opportunity.
‘Alchemy Of 5%'
Bitmine's Ethereum holdings climbed to 5.39 million ETH, worth $11.5 billion, giving the company control of roughly 4.47% of Ethereum's total circulating supply.
The firm said its combined crypto, cash and "moonshot" investments now total $12.3 billion.
The company added 111,942 ETH over the past week, continuing what Chairman Tom Lee called an aggressive accumulation strategy.
