BitMine Jumps 5% As Ethereum Treasury Surges Past 2.65 Million ETH
BitMine Immersion Technologies Inc. (NYSE: BMNR) is trading around $53 on Monday, up over 5% intraday, as the company disclosed its Ethereum (CRYPTO: ETH) holdings have surpassed 2.65 million, cementing its position as the world’s largest ETH treasury.
ETH Treasury Expands To $11.6 Billion
The company reported total crypto and cash holdings of $11.6 billion, including 2,650,900 ETHvalued at $4,141 per token, 192 Bitcoin, $436 million in cash, and $157 million in “moonshot” equity investments such as Eightco Holdings (NASDAQ: ORBS).
This puts BitMine ahead of peers in Ethereum accumulation, controlling more than 2% of supply.
It ranks as the No. 1 ETH treasury globally and the No. 2 overall crypto treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns roughly 640,000 BTC.
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