BitMine Immersion Doubles Down on Ethereum, Reaches New Record for Crypto Holdings

BitMine Immersion is making waves in the financial world by dramatically boosting its holdings of Ethereum (ETH) to over $6.6 billion. This bold investment has positioned the company ahead of popular crypto miner MARA in terms of reserves. The significant increase signifies BitMine’s commitment to expanding its presence within the burgeoning Ethereum market. Experts attribute this surge to the growing adoption of DeFi applications and increasing interest from institutional investors. 2023 saw Bitcoin dominance decline as Ethereum surged.