Derived from Bitcoin.com, Bitmine has disclosed $13.2 billion in combined crypto, cash, and strategic equity holdings, with its Ethereum (ETH) reserves rising to 3,864,951 ETH after purchasing 138,452 ETH in the past week. The company also holds 193 BTC, $1 billion in cash, and a $36 million equity stake in Eightco Holdings. Bitmine Chairman Tom Lee stated the increased buying activity reflects confidence in ETH’s future, citing multiple upcoming catalysts and rising adoption rates. The firm’s strategy focuses on long-term accumulation rather than short-term mining, aligning with broader institutional trends treating crypto as a treasury asset.
Bitmine Purchases 138,452 ETH, Holdings Rise to 3.86 Million ETH
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