BitMine Reports $9 Billion in Crypto Holdings, Becomes Second-Largest Treasury Firm
BitMine Immersion Technologies (BMNR) reported cryptocurrency holdings nearing $9 billion, making it the second-largest crypto treasury firm globally, following Strategy (MSTR) with over $71 billion in BTC.
- BMNR holds 2.069 million ETH valued at approximately $8.9 billion, along with 192 BTC and $266 million in cash.
- Total assets exceed $9.2 billion.
- The company has shifted to an ETH treasury strategy, aiming for 5% of the total ether supply.
- It is now the largest holder of ETH, surpassing SharpLink Gaming (SBET) with a $3.6 billion ETH treasury.
- BMNR invested $20 million in Eightco Holdings (OCTO), initiating its “Moonshot” investment strategy focused on Ethereum’s ecosystem.
- Eightco intends to maintain worldcoin (WLD) as its primary treasury asset.
- OCTO shares saw a rise of over 1,000% in pre-market trading.