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BitMine Reports 3.73 Million ETH Holdings and $12.1 Billion Assets
BitMine Immersion Technologies Holdings Update:
- As of November 30, BitMine holds 3.73 million ETH tokens, comprising over 3% of the total Ethereum supply.
- Total holdings are valued at $12.1 billion, including:
- 3.73 million ETH
- 192 Bitcoin (BTC)
- $36 million stake in Eightco Holdings
- $882 million in unencumbered cash
- The company aims for a "Alchemy of 5%" goal, targeting 5% of the Ethereum token supply.
Strategic Moves and Market Context:
- BitMine accelerated ETH purchases by 39% ahead of the Fusaka upgrade on December 3, improving scalability and security.
- Anticipated Federal Reserve rate cuts and policy changes could influence crypto market dynamics.
- BMNR stock is highly liquid, ranking as the 39th-most-traded US stock with significant trading volume.
Future Plans:
- BitMine plans to launch the Made in America Validator Network in early 2026 to leverage its ETH treasury for staking solutions.
- The firm is backed by notable investors such as ARK's Cathie Wood, Founders Fund, Pantera, and Kraken.
