Bitmine additionally purchases Ethereum worth 3.2 billion yen, reaching 99% of its goal of 5% of supply
Original headlineビットマイン、32億円相当のイーサリアムを追加購入 供給量の5％目標に99％到達
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BitMine purchased an additional 32 billion yen worth of Ethereum, pushing its holdings to 99% of its goal of owning 5% of the total ETH supply. The company has been steadily accumulating the asset as part of a treasury strategy tied to the second-largest cryptocurrency by market cap. Reaching the 5% threshold would make BitMine one of the single largest corporate holders of Ethereum, a position that matters for liquidity and influence in the market. The near-complete progress toward the target leaves only a small remaining tranche to buy, so the next thing to watch is whether BitMine finishes the program and whether further purchases follow once the goal is met.
Muhabbit's AI wrote this summary in its own words from CoinPost's report and translated it from Japanese. It can get details wrong, so check the source.
Named in this story
Bitmine, Ethereum (ETH)
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