BitMine's three-day buying spree of 80,000 ETH! The board welcomes heavyweight new blood.

Ethereum reserve company BitMine ( stock code BMNR) announced that David Sharbutt, the founder of Alamosa Holdings, has joined the company's board of directors and will lead BitMine in expanding its digital infrastructure capabilities. Additionally, BitMine has purchased nearly 80,000 ETH in just 3 days, holding a total of 1.79 million Ether, with total assets valued at 9 billion dollars.

David Sharbutt joins the BitMine board of directors.

BitMine announced that David Sharbutt has joined the company's board of directors and will lead BitMine in expanding its digital infrastructure capabilities.

Sharbutt is the founder, chairman, and CEO of Alamosa Holdings, a company that provides digital wireless communications services (PCS), which went public in 2000 and quickly grew to operate in 22 states, generating over $1 billion in revenue. It was acquired by Sprint in 2006.

Sharbutt subsequently served as a board member of American Tower Corporation (AMT) for 17 years, during which the company evolved from a medium-sized domestic telecommunications tower company into the largest real estate investment trust in the world (REIT), becoming a global leader in shared infrastructure provision.

David Sharbutt will lead BitMine to expand its digital infrastructure capabilities.

BitMine holds 1.79 million Ether, with a total asset value of 9 billion USD.

BitMine revealed its latest cryptocurrency holdings, having purchased nearly 80,000 ETH in just 3 days. As of August 27, Eastern Time, BitMine's cryptocurrency assets include:

1,792,690 ETH

192 BTC

$775 million in undistributed cash

Total net asset value of 9 billion USD. BitMine is firmly established as the largest ETH holder in the world, with its cryptocurrency asset size second only to MicroStrategy (MSTR).

Tom Lee often emphasizes the importance of quickly buying ETH in interviews. Even if ETH drops, as long as the quantity of ETH per share (ETH per share) continues to rise, it is good for shareholders, and the stock price of BMNR can also continue to rise, while BitMine continues to prove its ability to raise funds and purchase large amounts of ETH.

(Tom Lee: Ethereum five-year target price is 60,000 USD, BitMine insists on only issuing new shares to buy ETH)

This article BitMine purchased 80,000 ETH in three days! The board welcomes heavy new blood first appeared in Chain News ABMedia.