Bitmine buys another 12k ETH: portfolio overview

Bitmine Immersion Technologies has significantly expanded its cryptocurrency holdings, purchasing an additional 12,532 ETH for approximately $31.6 million.

The corporation's total Ethereum balance reached 6,028,946 tokens, representing approximately 4.9% of the entire supply.

• The combined value of the company's crypto assets and liquid securities is estimated at $16.2 billion
• $612 million in cash and liquid securities are available to replenish reserves
• 5,067,309 ETH worth $12.8 billion are staked, accounting for about 84% of all assets on the balance sheet

Despite massive investments, according to Dropstab data, the company's unrealized loss stands at $4.81 billion.