Bitmine’s stash crosses 4M ETH after latest $40M buy

Bitmine's Ether haul now exceeds 4 million tokens worth over $12 billion after the company purchased nearly 100 million Ether in the past week.

Ethereum treasury company Bitmine has hit a key milestone after its Ether stash surpassed 4 million tokens this week following the firm’s latest $40 million purchase.

Bitmine said on Monday that its holdings now sit at over 4.06 million Ether (ETH), with Lookonchain noting earlier in the day that the company bought 13,412 ETH, worth $40.61 million.

The latest buy takes Bitmine’s total haul over the past week to almost 100,000 ETH, with the company adding it has bought all of its tokens at an average purchase price of $2,991 each.

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