BitMine Immersion has appointed Chi Tsang as its new chief executive officer, replacing Jonathan Bates. The company also added three new independent members to its board of directors, according to an official statement.
Digital Asset Strategy and Holdings
The company holds 3.5 million Ethereum after shifting to a digital asset strategy in July. Under Chairman Tom Lee’s leadership, BitMine aims to accumulate 5% of ether’s total supply. It currently holds 2.9%.
Market Performance
BMNR shares fell 3.4% in premarket trading alongside broader cryptocurrency declines. ETH price dropped 8.9% over 24 hours and nearly 6% year-to-date.
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