sur BitMine Immersion Technologies, Inc.
BitMine Immersion Reports Significant Crypto Holdings
BitMine Immersion Technologies has announced that its Ethereum holdings now exceed 2.65 million tokens, representing over 2% of the total ETH supply. The company's total combined crypto and cash holdings have reached $11.6 billion. This includes 2.651 million ETH tokens, unencumbered cash of $436 million, and other crypto assets.
BitMine has become a leading name in crypto treasury management, notably as the largest holder of Ethereum globally, and the second-largest global crypto treasury behind Strategy Inc. The company aims to acquire 5% of ETH, led by key institutional investors such as ARK's Cathie Wood and Founders Fund.
As the 26th most traded stock in the US, BitMine sees its position reinforced by the ongoing investment trends in AI and cryptocurrencies. Ethereum stands out as a preferred choice for blockchain initiatives due to its reliability. The company continues to focus on long-term crypto investments, leveraging its strong market presence and liquidity.
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