Bitmine -Sinking Technologies (BMNR)the public ether (Eth) Treasury Company led by Fundstrat’s Tom Lee continued his purchase of Spree, which acquires over 190,500 tokens through last week, the company reported Monday.
It brought the total ETH stocks 1,713,899 tokens worth approx. $ 7.9 billion at current ETH prices. The company also had $ 562 million in cash for additional acquisitions.
The company said its crypto and cash holdings combined $ 8.8 billion dollars from late Sunday at a $ 4,800 ETH price, up from the previous week’s $ 6.6 billion. However, the Crypto Market Market brought the overnight stage the value of the stash as eth fell below $ 4,600 of us in the morning.
The BMNR share was its own 2.6% Premarket after collecting 12% on Friday.
The stock’s high trading volume helped the company raise funds and increase Eth Holdings at a fast pace, Lee said in a statement. BMNR reserved an average daily quantity of $ 2.8 billion last week, ranking 20. Among US stocks that behind crypto exchange coinbase (COIN).
Bitmine earlier this month admitted to raising $ 20 billion more through stock sales.
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