Bitmine Hits $12B Ether Stash, Profitable After Price Surge
Update: 2025-12-23
Description
Bitmine, a leading Ethereum treasury firm, has reached a significant milestone with over four million Ether in their holdings, valued at over twelve billion dollars. They recently acquired nearly one hundred thousand Ether, including a thirteen thousand token purchase for forty million dollars. Bitmines Ether holdings, bought at an average price of $2,991, are now in profit after months in the red. The companys shares have surged six hundred six percent over the past six months due to their bold Ether strategy. Bitmine aims to own five percent of all Ether in supply and plans to launch staking through their Made in America Validator Network early next year.
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