BitMine Acquires 12,532 Ethereum in One Week, Says Acquisition Is Nearly Complete

Techub News reports that the publicly listed company BitMine has announced an increase of 12,532 Ethereum in its holdings over the past week. Its total Ethereum holdings have now reached 6,028,946, accounting for approximately 4.9% of Ethereum's total circulating supply. The company stated that its goal of accumulating 5% of the supply is approximately 99% complete, with 5.07 million Ethereum currently staked.

BitMine, in its forward-looking disclosures, quoted management as saying that the company 'has essentially completed its purchases of Ethereum,' hinting that the pace of acquisitions may slow down as it approaches the target. (@WuBlockchain)