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BitMine Immersion Technologies (BMNR), the nationalist ether (ETH) treasury institution led by Fundstrat's Tom Lee, continued its buying spree acquiring implicit 190,500 tokens done past week, the steadfast reported connected Monday.
That brought full ETH holdings 1,713,899 tokens, worthy astir $7.9 cardinal astatine existent ETH prices. The steadfast besides held $562 cardinal successful currency for further acquisitions.
The institution said its crypto and currency holdings combined deed $8.8 cardinal arsenic of precocious Sunday astatine a $4,800 ETH price, up from the previous week's $6.6 billion. However, the overnight crypto marketplace plunge brought the stash's worth down arsenic ETH fell beneath $4,600 by U.S. greeting hours.
BMNR banal was ain 2.6% premarket, aft rallying 12% connected Friday.
The stock's precocious trading measurement helped the institution to rise funds and summation ETH holdings astatine a accelerated pace, Lee said successful a statement. BMNR booked a $2.8 cardinal mean regular measurement past week, ranking 20th among U.S. stocks trailing crypto speech Coinbase (COIN).
BitMine earlier this period filed to rise $20 cardinal much done banal sales.
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