BitMine announces holdings of 163000 ETH worth over $500 million

BlockBeats News: On July 14th, BitMine announced today that its Ethereum (ETH) holdings have exceeded a value of $500 million. The company completed its first round of $250 million private placement on July 9th, continuing to advance its light asset treasury strategy. As of 7:45 AM Eastern Time on July 14th, the company holds a total of 163142 ETH. After completing a $250 million private placement, our Ethereum holdings have exceeded $500 million, which confirms our strategic goal of increasing our holdings in Ethereum network assets, "said Thomas Lee, the new chairman of BitMine's board of directors and Fundstrat analyst