BitMine announces that its holdings of ETH and ETH equivalents have exceeded $1 billion

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BitMine (NYSE: BMNR) announced today that its holdings of ETH and ETH equivalents have exceeded $1 billion. The company completed a $250 million initial private placement on July 8 to further advance its light-asset capital strategy. BitMine currently holds a total of 300,657 ETH, priced at $3,461.89 per ETH. Previously, BitMine announced its strategic goal of acquiring and staking 5% of the total ETH supply.

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