Ethereum treasury news: Bitmine sits on $10 billion ETH but books $3.6 billion loss
Bitmine Immersion Technologies has turned itself into the Ethereum version of Strategy, doubling its outstanding shares in six months and raising over $10 billion in equity to amass nearly 5% of all ether (ETH) in existence. It reported a $3.8 billion quarterly net loss in Tuesday’s 10-Q filing, with share count (common stock) going from…