Overview
- BitMine said it bought more than 54,000 ETH last week, bringing its holdings to roughly 3.56–3.6 million ETH or about 2.9% of supply.
- The company reported $11.8 billion in crypto, cash and moonshot assets, including 3.56 million ETH, 192 BTC and $607 million in cash.
- Cash reserves rose to $607 million from $398 million the prior week, alongside the latest ether accumulation.
- BitMine remains the largest Ethereum treasury and is described as the second‑largest global crypto treasury behind Strategy.
- Lee said crypto liquidity has tightened since the Oct. 10 crash, argued the cycle has not topped and highlighted tokenization on Ethereum as a key long‑term catalyst.