BitMine adds 24,000 ether, but warns accumulation may slow without shareholder approval

The largest Ethereum-focused crypto treasury firm lifted holdings to 4.17 million ETH but signaled limits ahead without authorization to issue fresh equity.

What to know:

Bitmine Immersion Technologies increased its ether holdings to 4,167,768 tokens, representing 3.45% of the circulating supply.Chairman Thomas Lee stated that further accumulation depends on shareholder approval for new equity issuance.A vote is scheduled for Thursday, where the support of 50.1% of outstanding shares is required to increase shares.$ETH #ETH

ETH

3,302.3

-2.18%