BitMine Immersion Holds Over 2.83 Million ETH, Totals $13.4 Billion in Assets

BitMine Immersion Technologies, Inc. has announced a significant milestone, with its Ethereum (ETH) holdings surpassing 2.83 million tokens. This positions the company as a leading Ethereum treasury, currently holding over 2% of the total ETH supply. In addition, BitMine's total crypto and cash holdings have reached $13.4 billion, including $456 million in cash and other cryptocurrencies.

As the 28th most traded stock in the US, BitMine's daily trading average stands at $2.5 billion. The company is backed by a prominent group of institutional investors, such as ARK's Cathie Wood and Galaxy Digital. These figures underscore BitMine’s strategy towards acquiring 5% of the ETH supply, aligning with its long-term investment focus in the crypto sector.