BitMine Acquires $13-14 Billion in Ethereum, Becomes Top Institutional Holder

BitMine Immersion has acquired an impressive 77,055 ETH, bringing their total holdings to over 3.3 million, worth around $13-$14 billion. This makes them the world’s largest institutional holder of Ethereum. Their strategic move toward acquiring 5% of Ethereum’s total supply, as outlined by Chairman Thomas ‘Tom’ Lee, is likely to influence the asset’s liquidity and price dynamics.