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BitMine Added $73 Million In Ethereum While Strategy Sold Bitcoin For Dividends. Crypto Treasury Models Move In Opposite Directions.

BitMine
International Business Times Fews App News Provider
Fews App Post Time 22h ago

The latest purchase represents an increase from the previous week's acquisition, continuing BitMine's strategy of building one of the largest Ethereum treasuries among publicly traded companies. Pixabay/Unsplash Publicly traded crypto treasury companies took sharply different approaches to managing their digital asset holdings last week, with one expanding its Ethereum position while another reduced its Bitcoin reserves to meet corporate financial obligations. BitMine Immersion Technologies purchased 42,197 Ethereum tokens worth about $74 million, lifting its holdings to 5,742,237 ETH, or roughly 4.

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