BitMine's Ethereum holdings have exceeded $2 billion, with a total of 566776 ETH held

According to PR Newswire, BitMine Immersion Technologies (NYSE America: BMNR) announced that its Ethereum (ETH) holdings have exceeded $2 billion, with a total of 566776 ETH held, far exceeding the $250 million initial private placement raised on July 8th. The Chairman of the Board of Directors, Thomas "Tom" Lee, stated that BitMine is one step closer to achieving its goal of holding and pledging 5% of the world's total ETH. CEO Jonathan Bates stated that the company will continue to advance its Ethereum vault strategy to support the development of the Ethereum ecosystem.