Bitmine (BMNR.US) steadily advances its cryptocurrency holdings: purchased another approximately 24,000 Ethereum, with a total holding value reaching 12.6 billion US dollars.

Bitmine Immersion (BMNR.US) has purchased over 1.03 billion dollars worth of Ethereum, increasing its total Ethereum reserves to 12.6 billion dollars. According to data from October 10th, the company also acquired 23,823 Ethereum from BitGo (worth around 1.0368 billion dollars). This latest acquisition brings its total Ethereum holdings to 2.87 million coins, valued at 12.6 billion dollars based on current market prices. Bitmine continues to accumulate Ethereum through issuing new shares and strategic acquisitions, following the strategy similar to Michael Saylor's approach with Strategy (MSTR.US). The company's goal is to hold 5% of the global circulating supply of Ethereum. BitMine remains firm on the "exchange shares for coins" route, and the company, which previously made significant purchases of Ethereum, announced a $365.24 million priced registered direct offering and related asset holdings.