$13.7 Billion in Crypto and Cash for Bitmine

Bitmine Immersion Technologies (NYSE: BMNR) has announced that its total crypto and cash holdings have reached $13.7 billion, led by a major increase in its ethereum position to 3.4 million ETH. The company now controls 2.8% of the total ETH supply, surpassing the halfway point toward its goal of acquiring 5% of ethereum’s circulating tokens.

As of November 2, Bitmine’s portfolio includes 3,395,422 ETH valued at approximately $3,903 per token, 192 Bitcoin ( BTC), a $62 million stake in Eightco Holdings (NASDAQ: ORBS), and $389 million in unencumbered cash.

With these holdings, Bitmine ranks as the largest ethereum treasury globally and the second-largest crypto treasury overall, behind Strategy Inc. (MSTR), which holds 640,808 BTC valued at $71 billion.

According to Chairman Tom Lee, the recent market reset following October’s massive liquidation event has created a healthier setup for ethereum’s next growth phase. “Ethereum fundamentals continue to strengthen,” Lee said, citing a 15% rise in stablecoin supply on the network and record-high decentralized application revenues.

Lee added that Bitmine’s increased cash position gives it flexibility for further strategic acquisitions. “We acquired over 82,000 ETH this past week, bringing us closer to our ‘alchemy of 5%’ target,” he said.

Bitmine’s shares remain among the most actively traded in the U.S., with a five-day average trading volume of $1.5 billion, reflecting strong institutional interest from firms including ARK Invest, Founders Fund, Galaxy Digital, and Pantera Capital.

FAQ💰

• How much crypto does Bitmine currently hold?
  Bitmine now holds $13.7 billion in combined crypto and cash assets, led by its massive ethereum position.
• How large is Bitmine’s ethereum stake?
  The company owns 3.4 million ETH, about 2.8% of the total supply, as it targets a long-term goal of 5%.
• Where does Bitmine rank among global crypto treasuries?
  Bitmine is the world’s largest ethereum holder and the second-largest overall crypto treasury after Strategy Inc.
• What’s driving Bitmine’s aggressive ethereum accumulation?
  Chairman Tom Lee says rising stablecoin activity and record DApp revenues signal strong fundamentals for ethereum’s next growth phase.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。