2 days ago
BitMine Immersion Technologies (BMNR), the listed steadfast with a integer plus treasury strategy focusing connected Ethereum and led by Fundstrat's Tom Lee, said successful a Monday SEC filing that its holdings surpassed 1.5 cardinal ether (ETH) worthy astir $6.6 billion.
With the latest purchases, it has go the 2nd largest nationalist firm crypto owner, topping miner MARA Holdings (MARA) and trailing lone the archetypal treasury play Strategy (MSTR), which owns $72 cardinal successful bitcoin (BTC), per Bitcointreasuries.net. Strategy oregon MARA, of course, are holders of bitcoin, portion BMNR is an ETH treasury play.
BMNR was 7% little Monday to $54 alongside a continuing pullback successful ETH, which fell beneath $4,300, down 5% implicit the past 24 hours. It was little than 1 week agone erstwhile ether astir touched $4,800 and was wrong a fewer dollars of a grounds high.
Other integer plus treasury companies besides traded lower, extending their Friday plunge. ETH-focused SharpLink Gaming (SBET) was down 3%, portion Solana-centric firms DeFi Development (DFDV) and Upexi (UPXI) were 9% and 6% lower, respectively.
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