Bitmine Immersion Reaches Significant Ethereum Holdings of 4.066 Million Tokens
Bitmine Immersion Achieves Major Milestone with ETH Holdings
Bitmine Immersion Technologies, Inc. (BMNR) has recently revealed that its Ethereum (ETH) holdings have surged to 4,066,062 tokens, valuing approximately $12.1 billion at the price of $2,991 per ETH from Coinbase. This impressive accumulation marks a substantial incentive within the cryptocurrency market, as it now represents 3.37% of the total ETH supply. Beyond the Ethereum holdings, Bitmine also holds a cash reserve of $1 billion and investments in other cryptocurrencies, including 193 Bitcoin (BTC) and a $32 million stake in Eightco Holdings (NASDAQ: ORBS). Collectively, their asset total reaches a staggering $13.2 billion.
This milestone reflects Bitmine's strategy of sustaining long-term investments in cryptocurrency and positions the company as a major stakeholder in the growing Ethereum ecosystem. The firm is rapidly progressing towards its target to manage 5% of the total ETH supply, a concept it refers to as the
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