BitMine Exceeds $8.8 Billion in Holdings, Surpassing Top Ethereum and Global Crypto Treasuries

BitMine Immersion Technologies (BitMine) has announced a record-breaking increase in its crypto holdings, exceeding $8.8 billion. The company’s investment strategy, focused on ETH accumulation, continues to gain momentum as it approaches a 5% target for the Ethereum asset. Since last week, BitMine reported a substantial increase of over $2.2 billion, primarily driven by institutional investors such as ARK’s Cathie Wood and prominent figures like Bill Miller III and Galaxy Digital. This growth has propelled BitMine to become the top ETH treasury globally, surpassing even Strategy Inc. (MSTR). Notably, BitMine boasts one of the highest trading liquidity stocks in the US, currently ranking 20th among over 5,704 listed companies.