Bitmine buys $52M ETH amid price downturn
Bitmine has invested $52M in Ether, expanding its treasury.
The investment comes as Ether’s price has traded between $1,963 and $2,126 over the past week.
Bitmine aims to hold 5% of the total circulating supply of 120.6 million tokens, with its current stash holding over 5.4 million tokens.