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Bitmine Says Its Ether Holdings Reached 3.92% of Supply After Weekly Addition

Bitmine Says Its Ether Holdings Reached 3.92% of Supply After Weekly Addition

According to Bitmine’s June 30 statement, the company bought 71,179 ETH worth about $147 million last week, lifting total holdings above 4.73 million ETH after five consecutive weeks of purchases.

ETH

Summary

According to Bitmine’s official June 30 statement, the company purchased 71,179 ETH worth about $147 million last week. Bitmine said its total Ether holdings exceeded 4,732,082 ETH, representing about 3.9% of Ethereum’s total supply. The company also stated that it has continued buying ETH for five straight weeks.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and network activity.
  • Ether supply: The total amount of ETH in circulation or existing on the Ethereum network at a given time.
  • Ethereum: A blockchain network that supports ETH and smart contract-based applications.