Bitmine Immersion Technologies said its asset base has climbed to roughly $11.5 billion, driven by an aggressive Ethereum (ETH) treasury strategy that is rapidly turning the company into one of the market’s most concentrated corporate holders of the asset.
In a disclosure dated July 20 UTC, the company reported combined holdings across cryptocurrencies, cash and marketable securities, and a portfolio of what it called ‘moonshot’ investments. Bitmine said it now holds 5,777,468 ETH—about 4.8% of Ethereum’s estimated circulating supply of 120.7 million—alongside 207 Bitcoin (BTC).
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