BitMine Reports Over $9 Billion in Crypto Holdings and Strategic Investment
BitMine Immersion Technologies reported on September 8 that its total cryptocurrency and cash holdings exceed $9 billion. Its Ethereum treasury now surpasses 2 million coins, acquired at an average price of $4,312.
- BitMine holds 192 Bitcoin and has $266 million in cash reserves.
- The firm claims to possess the largest ETH treasury globally and the second-largest overall crypto treasury after Michael Saylor’s MicroStrategy.
- BitMine announced a $20 million strategic investment in Eightco Holdings for 13,698,630 shares at $1.46 each as part of its "Moonshot strategy" aimed at enhancing Ethereum's ecosystem.
Eightco Holdings Adopts Worldcoin as Treasury Asset
Eightco Holdings experienced a share price increase of over 1,000% in premarket trading on September 8 after raising $250 million through a private placement and adopting Worldcoin as its primary treasury reserve asset.
- Dan Ives was appointed chairman of the board.
- The PIPE investment will support the "world's first Worldcoin treasury strategy."
- Worldcoin is currently trading at $1.49, up 39.06% month over month.
Ethereum's price is approximately $4,367, reflecting a 2% increase from the previous week's close at $4,280, despite selling pressure where sellers outnumber buyers by $570 million.
Ethereum maintains its weekly position after previously posting an ATH of $4,953 in August. Source: Refinitiv.