BitMine Expands Ethereum Holdings to $10.9 Billion Amid Price Dip
- BitMine purchased over 200,000 ETH, raising its total to approximately 2.6 million ETH, valued at $10.9 billion.
- This amount represents more than 2% of Ethereum’s circulating supply.
- The company also holds assets including 192 Bitcoin worth about $21.5 million and $436 million in cash reserves.
- BitMine’s total asset value now stands at $11.6 billion, making it the largest single Ethereum treasury globally.
- As of September 26, BitMine ranked as the 26th most actively traded US equity with an average daily trading volume of $2.6 billion.
The aggressive acquisition strategy reflects BitMine’s long-term belief in Ethereum as a key player in the future of finance and technology, particularly at the intersection with artificial intelligence.
With its recent purchases, BitMine has solidified its position as a leading entity in digital asset holdings, now controlling over $10.9 billion in Ethereum alone.(Source)
