Overview
- The company disclosed $11.8 billion in crypto and cash, including roughly 3.6 million ETH, 192 BTC, $607 million in cash, and a $37 million stake in Eightco Holdings.
- BitMine now controls about 2.9% of Ethereum’s supply and reiterates a goal to reach 5%.
- Shares traded lower on Monday, with Benzinga Pro showing a decline of about 5% to $32.56 during the session as ETH prices weakened.
- The firm says it is the largest single holder of Ethereum and reports having the second-largest corporate crypto treasury globally.
- Recent governance moves include appointing Chi Tsang as CEO and adding three independent directors, while the Chairman highlights Ethereum upgrades and tokenization as long-term catalysts.