cryptobriefing.com
Key Takeaways
- BitMine acquired 102,259 ETH, raising its holdings to nearly 4 million tokens.
- The company's overall crypto and cash holdings have surpassed $13 billion.
BitMine Immersion Technologies is now close to 4 million in Ethereum holdings, following its latest acquisition of 102,259 Ethereum over the past week.
The company, led by Thomas “Tom” Lee, now controls over $13 billion in combined crypto and cash assets. Its latest acquisition raises its Ethereum holdings to slightly more than 3% of the total coin supply.
“Crypto prices have stabilized in the past week, further evidence that crypto prices have begun to recover after the price shock of October 10,” Lee said in a statement.
The Chairman of BitMine noted that recent regulatory clarity, positive legislative developments in the US, and strong institutional support have bolstered confidence in digital assets and underpin the company’s ongoing push toward its “alchemy of 5% target.”
BitMine now holds the largest Ethereum treasury globally and ranks as the second-largest crypto treasury worldwide, trailing Strategy Inc., which owns 671,268 BTC valued at over $60 billion.
The company plans to launch its staking solution, The Made in America Validator Network, in early 2026, while continuing to pursue its Ethereum accumulation strategy.