Bitmine Immersion Technologies has crossed a significant threshold in its long-running accumulation campaign, announcing Sunday that its ETH holdings have surpassed 4% of the asset's total circulating supply.
As of April 12, Bitmine held 4,874,858 ETH, representing 4.04% of the 120.7 million ETH in circulation. The company said its combined crypto, cash, and "moonshot" equity holdings total $11.8 billion, including $719 million in cash.
The company said it acquired 71,524 ETH in the past week alone, bringing it 81% of the way toward its stated goal of owning 5% of the network's supply.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
