BitMine Immersion Technologies said it bought an additional 373,110 ether valued at about $1.62 billion, lifting its holdings to roughly 1.52 million tokens worth $6.6 billion. The latest purchase follows $575 million and $470 million tranches made earlier in August, according to company disclosures and blockchain-tracking data. The position represents just over 1% of ether’s circulating supply, making the New York-listed miner and treasury vehicle the world’s largest corporate holder of the cryptocurrency. Including 192 bitcoin, BitMine’s digital-asset reserves now rank second among public companies, trailing only Strategy Inc.’s much larger bitcoin trove. Executive Chairman Thomas Lee said BitMine began its ether-accumulation strategy on 30 June and intends to raise further capital with the goal of controlling up to 5% of outstanding ether. Lee added that BMNR shares trade about $6.4 billion a day on average, placing the stock among the ten most liquid in the United States.
JUST IN: BITMINE IMMERSION BECOMES WORLD’S LARGEST ETH TREASURY WITH 1.52M ETH WORTH $6.49B Source: @rovercrc https://t.co/lGltZjf16M https://t.co/WrI0vfIbo9
BitMine grows corporate Ethereum holdings to $6.6 billion, claims to be second-largest DAT after Strategy https://t.co/SgTEVhBChS
🚨UPDATE: BITMINE IMMERSION'S $ETH HOLDINGS HAVE GROWN TO 1.52M ($6.49B), SECURING ITS POSITION AS THE WORLD'S LARGEST ETHEREUM TREASURY