BitMine Buys The Dip, Ethereum Stash Tops 3M ETH

BitMine Immersion Technologies announced on Monday that its Ether holdings had topped 3 million ETH. It now owns greater than 2.5% of the ETH token supply, “now at the halfway point as it moves toward the ‘Alchemy of 5%’,” it stated.

The company’s Ether, crypto, and cash holdings were worth $12.9 billion as of October 13, and nearly all of that is ETH. It also holds 192 BTC and stakes in several crypto companies.