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6h ago

BitMine Tops 2 Million Ether, Lifting Treasury Above $9 Billion

The company has shifted to an ETH-centric strategy that seeks 5% of supply.

Bitmine now holds $9b in crypto treasury, fuels 1,000% surge in wld linked stock
Tom Lee’s Ethereum treasury BitMine tops 2 million ETH worth over $8.5 billion
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Bitmine discloses 2.069m ether, calls itself no. 2 global crypto treasury

Overview

  • BitMine disclosed holdings of 2,069,443 ETH, 192 Bitcoin and $266 million in cash, putting total crypto and cash above $9.21 billion.
  • The firm says it is the largest corporate holder of Ethereum and the second-largest overall crypto treasury behind Strategy, and data cited by outlets shows its ETH stash exceeds the next five largest treasuries combined.
  • BitMine unveiled a $20 million investment in Eightco Holdings as the first move in its Moonshot program, with Eightco planning to build a Worldcoin-based treasury.
  • Reports said Eightco’s OCTO shares jumped more than 1,000% in pre-market trading following the funding announcement.
  • Chairman Tom Lee reaffirmed a long-term goal to acquire 5% of ETH’s supply, and Fundstrat data shows BitMine’s stock now averages $1.7 billion in daily dollar volume, ranking 30th among US-listed equities.