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Bitmine’s stash crosses 4M ETH after latest $40M buy

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 113 Views

Bitmine’s Ether holdings now exceed 4 million tokens worth over $12 billion, following nearly 100,000 ETH in purchases over the past week

Ethereum treasury company Bitmine has hit a key milestone after its Ether stash surpassed 4 million tokens this week following the firm’s latest $40 million purchase.

Bitmine said on Monday that its holdings now sit at over 4.06 million Ether (ETH), with Lookonchain noting earlier in the day that the company bought 13,412 ETH, worth $40.61 million.

The latest buy takes Bitmine’s total haul over the past week to almost 100,000 ETH, with the company adding it has bought all of its tokens at an average purchase price of $2,991 each.

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