As of Sept. 7 at 8:30 p.m. Eastern, Bitmine reported crypto and cash holdings of more than $9.21 billion, including 2,069,443 ether priced at $4,312 per coin, 192 bitcoin (BTC), and $266 million in unencumbered cash. The firm trades on the NYSE American under the ticker BMNR, and the disclosure was made in a Sept. 8 press release.

The company explained that its current balance makes it the No. 1 ethereum treasury and No. 2 global crypto treasury behind Strategy Inc. (MSTR), which holds 638,460 BTC valued at roughly $71 billion. Bitmine continues to frame the second-largest crypto asset by market cap, ethereum ( ETH), as a core long-term focus for its corporate treasury.

Bitmine also announced a $20 million strategic investment in Eightco Holdings Inc. (Nasdaq: OCTO) as part of OCTO’s $270 million private investment in public equity financing. Eightco said it plans to adopt Sam Altman-backed World’s WLD token, an ERC20 asset, as its primary treasury holding.

The company described the Eightco investment as the first entry in its “Moonshot” program, under which Bitmine aims to allocate about 1% of balance-sheet resources to projects intended to support the Ethereum network and ecosystem and, by extension, shareholder value.

Bitmine noted continued support from institutional backers and cited trading activity in its stock. The firm said average daily dollar volume reached roughly $1.7 billion over the five trading days ending Sept. 5, placing BMNR No. 30 among U.S.-listed equities by that measure, according to Fundstrat data referenced in the release.

The ether treasury firm said it is backed by institutional investors, including Ark Invest’s Cathie Wood, Mozayyx, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital, a lineup the company says supports its goal of acquiring 5% of ETH.

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