BitMine’s $13 Billion ETH Holding: A Catalyst for Ethereum Adoption

In a significant development, BitMine Immersion Technologies (BMNR) has revealed holdings exceeding 2.83 million Ethereum (ETH), worth approximately $13.4 billion when combined with its crypto and cash reserves. This massive accumulation positions BitMine as one of the largest corporate ETH holders on record, signaling a decisive institutional shift toward altcoins. The company’s latest investor update reveals that crypto constitutes more than 2% of Ethereum’s circulating supply, with ambitious plans to reach 5% over the coming years.