BitMine increased its holdings by 98,852 ETH last week, bringing its total holdings to over 4 million ETH.
BlockBeats News, December 22, according to official sources, BitMine announced today that its total cryptocurrency holdings + total cash + "potential investments" have reached $13.2 billions. As of 3:00 PM EST on December 21, the company’s cryptocurrency holdings include:
· 4,066,062 ETH
· 193 BTC
· An investment worth $32 millions in Eightco Holdings (NASDAQ: ORBS)
· $1 billions in cash
Thomas "Tom" Lee, Chairman of Bitmine and Fundstrat, stated: "Bitmine continues to steadily increase its ETH holdings, adding 98,852 ETH last week, and has now surpassed the 4 million ETH milestone. This is a huge achievement, accomplished in just 5.5 months. We are rapidly moving towards the '5% Alchemy' and have already seen the synergies brought by our massive ETH holdings. We are a key entity connecting Wall Street with the blockchain tokenization transformation. We have always maintained close cooperation with key entities driving the forefront of the DeFi community."
Bitmine’s ETH holdings account for 3.37% of the total ETH supply (120.7 millions ETH).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI transformation dividends strengthen profit growth logic! SAP (SAP.US) upgraded to "Overweight" by JPMorgan, target price raised to 275 euros
JPMorgan has upgraded its rating on SAP from "Neutral" to "Overweight" in its latest report, raising the target price from 175 euros in December 2027 to 275 euros in December 2028, implying an upside potential of approximately 30%.
Crypto prices
More
