BitMine Immersion Technologies Expands Ethereum Holdings
- BitMine Immersion Technologies increased its Ethereum holdings by 234,846 ETH, reaching a total of over 2.6 million tokens valued at approximately $11 billion.
- The company is now the largest Ethereum treasury globally and ranks as the second-largest overall crypto treasury after Strategy Inc.
- BitMine maintains $436 million in unencumbered cash and holds 192 BTC, with a $157 million equity position in Eightco Holdings.
- The firm’s stock has become one of the most actively traded in the US market, with a five-day average daily trading volume of $2.6 billion as of September 26.
- Institutional investors such as ARK’s Cathie Wood and Galaxy Digital support BitMine’s goal to acquire 5% of the ETH supply.
BitMine Immersion Technologies has solidified its position as the leading Ethereum holder globally, with significant institutional backing and active stock trading on US markets.
Source (3.2)https://cryptobriefing.com/ethereum-treasury-holdings-bitmine-4/?rand=59535
