Bitmine Immersion Technologies (BMNR) purchased 10,000 Ethereum (ETH) from the Ethereum Foundation. The over-the-counter transaction totaled approximately $22.9 million. Bitmine paid an average price of $2,292.15 per ETH. This marks the second deal between the company and the foundation in several weeks. The acquisition continues Bitmine's strategy of aggressive ETH accumulation.
BMNR shares rose 2.24% on Friday to close at $21.88. The gain helped erase recent losses, leaving the stock down 0.50% over the last five days. The equity remains down nearly 30% year-to-date. This performance reflects a broader downturn in the cryptocurrency equity sector.