BitMine Immersion has acquired nearly $113 million worth of ETH from digital asset custodian BitGo.
The transaction from wallet address «0xDc8…3a07f» included approximately 27,316 ETH. This indicates that BitMine is continuing its aggressive accumulation strategy.
The company has not officially confirmed the deal, but the data is consistent with an October 27 social media post that mentioned $14,2 billion in cryptocurrency and cash.
BitMine is now the largest public holder of Ethereum in the world and the second-largest holder of the cryptocurrency after Strategy, which holds over 640,000 bitcoins worth approximately $74 billion.
BitMine currently holds approximately 3,3 million ETH (over $13 billion at current prices), but plans to hold 5% of the altcoin’s total supply (6,04 million ETH). The company is already more than halfway to its goal, as 3,3 million ETH represents 2,8% of the total supply.
Interestingly, BitMine is also investing in other small but promising projects, which it calls «moon projects.» For example, the company invested $88 million in Eightco Holdings to diversify its portfolio.
At the time of writing the article эфириум was trading at $4000, down almost 2,2% over the past 24 hours.