BitMine Nears 5% Of ETH Supply With 5.5M Stack As Ether Falls 27% On Month
BitMine funds the buying through equity raises, not cash flow, recently pricing an upsized preferred stock offering. BitMine holds $9.6 billion in crypto and cash even as Ethereum fell 27% on the month. It bought 126,971 ETH last week, lifting its stake to about 5.5 million ETH which is about 4.59% of supply, or 92% … Read more