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BitMine Announces Strategy to Acquire 5% Ethereum

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by Giorgi Kostiuk

13 hours ago

BitMine Immersion Technologies has announced a strategy to acquire 5% of Ethereum to support the ETH ecosystem.

Launch of Options Trading for BitMine Stock

Trading in BitMine options is set to begin on July 23, 2025, under the ticker 'BMNR'. Options will be available with various expiration dates and strike prices, which may increase liquidity of the Company’s shares.

Goals for Acquiring Ethereum

The Company aims to achieve 5% of the global ETH supply, positioning itself as one of the largest institutional holders of Ethereum worldwide. 'Options trading is a major milestone for BitMine, giving investors more ways to participate in our continued growth,' stated Thomas Lee, Chairman of BitMine's Board.

About BitMine

BitMine is a cryptocurrency mining company focused on accumulating assets for long-term investment. The Company operates in low-cost energy regions in Trinidad and Texas.

BitMine's strategy for acquiring Ethereum reflects the Company's confidence in future prospects and aims to create a solid base for its growth within the cryptocurrency ecosystem.

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