Bitmine Continues to Load Up on Ethereum, Now Owns 4.9% of all ETH in Circulation. Is BMNR Stock a Buy?
Bitmine has gone all in on Ethereum, the second-largest cryptocurrency in the world.
Overview
Bitmine Immersion Technologies (NYSE:BMNR) now owns nearly 5% of all outstanding Ethereum.
The company purchased 17,362 Ethereum tokens last week. It now holds over 6 million Ethereum tokens, collectively worth nearly $16.3 billion at Ethereum's current price of roughly $2,716 per token, as of this writing.
Details
Is Bitmine's stock a buy?
Source
Originally published at www.fool.com.
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