BitMine Doubles Down on ETH Holdings with $1.7 Billion Investment

Financial firm BitMine Immersion Technologies made a landmark move last week by adding over $1.7 billion worth of Ethereum (ETH) to its treasury, bringing its total assets to $6.6 billion. This significant acquisition places them in second place in the cryptocurrency rankings, surpassing 1% of the total ETH supply. The company is poised to capitalize on this surge in interest from institutional investors as they aim for a 5% share of the Ethereum market.