BitMine Bolsters Ethereum Holdings to $7.65B, Reaches Top Spot as Largest Holder

Financial firm BitMine has significantly expanded its Ethereum treasury with a recent purchase of 4,871 ETH, bringing the total value to over $21 million and establishing it as the world’s largest Ethereum holder. The company’s strategy has seen impressive growth since starting on June 30th, increasing holdings from 1.52 million to 1.71 million tokens in just six weeks. This expansion also boosted BitMine’s net asset value per share, reaching $39.84 from $22.84 last week, according to Fundstrat data.