Investing & Markets

BitMine (BMNR) Surpasses 2.65M ETH, $11.6B Total Crypto & Cash

BitMine (BMNR) Surpasses 2.65M ETH, $11.6B Total Crypto & Cash

BitMine Immersion Technologies (BMNR), a prominent entity within the Bitcoin and Ethereum networks, has recently made headlines with its announcement of substantial digital asset holdings. The company has reported its Ethereum (ETH) reserves surpassing 2.65 million tokens, contributing to a colossal total of $11.6 billion in combined crypto and cash holdings. This significant accumulation underscores BitMine's strategic focus on long-term investment in key cryptocurrencies, particularly Ethereum, positioning itself as a leading player in the evolving digital finance landscape. The Strategic Imperative: Accumulating Ethereum BitMine's current ETH holdings represent more than 2% of the total circulating Ethereum token supply, a remarkable achievement that propels the company towards its ambitious objective: the "Alchemy of 5%." This goal, articulated by BitMine's leadership, reflects a deep conviction in Ethereum's foundational value and its indispensable role in…

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