According to the company’s announcement, Bitmine Immersion Technologies added 101,745 ETH last week for approximately $237.7 million at $2,336 per token. The purchase brings Bitmine’s total holdings to 5,180,131 ETH, representing 4.29% of Ethereum’s total supply and positioning the company 86% of the way toward its stated “Alchemy of 5%” target. This marks the firm’s third consecutive week of acquiring more than 100,000 ether, sustaining an aggressive accumulation pace that has made Bitmine the world’s largest public ether treasury.
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