Yahoo Finance
BitMine (NYSE: $BMNR) purchased an additional 60,000 Ethereum (CRYPTO: $ETH) over the past week as the price languished near $2,000 U.S.
In a social media post, BitMine said that it bought 60,000 ETH worth $126 million U.S.
in recent days, extending its accumulation of the second-largest cryptocurrency.
BitMine, led by Chairman Tom Lee, now owns 5.2 million Ethereum valued at $11.1 billion U.S.
Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I.
Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket The Ethereum treasury company has continued to accumulate ETH as the price has languished near $2,000 U.S., which is about 60% below its August 2025 record high of $4,953 U.S.
Lee has said previously that ETH’s price below $2,200 U.S.
is an attractive entry point for the digital asset.
Ethereum is currently trading at $2,137.89 U.S.
The latest purchase by BitMine comes as the firm was named to the preliminary list of companies being considered for inclusion in the Russell 1000 Index this June.
The Russell 1000 is an index that tracks the 1,000 largest publicly traded companies in the U.S.
Being added to the index could give BMNR stock a boost as exchange-traded funds (ETFs) and mutual funds that track the performance of the Russell 1000 index would buy the stock.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment