BitMine Purchases an Additional 40,000 Ethereum Last Week, Now Holds 3.5% of Total Supply

Cryptocurrency investment firm BitMine announced that it had purchased over 40,000 ETH in the week leading up to the 26th. The firm had also acquired more than 35,000 ETH the previous week, continuing its strategy of weekly Ethereum acquisitions. As of January 25, the company's assets included 4,243,338 ETH, 193 BTC, a $200 million investment in Beast Industries, a $19 million investment in EightCo Holdings, and $682 million in cash, totaling $12.8 billion. The Ethereum (ETH) held by the company corresponds to 3.52% of the total Ethereum supply of 120.7 million ETH.