Bitmine Immersion’s Combined Holdings Hit $10 Billion In Crypto, Cash, And ‘Moonshots’ – Here’s The Breakdown
Synopsis
The Tom Lee-backed company stated that its portfolio comprises 2,151,676 Ethereum, 192 Bitcoin, $214 million in Eightco shares, categorized as ‘moonshots,’ and $569 million in unencumbered cash.
Bitmine Immersion (BMNR) announced on Monday that its combined holdings of crypto, cash, and “moonshot” investments have topped $10 billion.
The company stated that its portfolio comprises 2,151,676 Ethereum (ETH), valued at $4,632 each, 192 Bitcoin (BTC), $214 million in Eightco (ORBS) shares, categorized as “moonshots,” and $569 million in unencumbered cash. The company has accumulated around 82,000 ETH over the last week.
“BitMine has nearly $11 billion in total crypto holdings, surpassing the 2 million ETH milestone,” said Tom Lee of Fundstrat, Chairman of BitMine. Bitmine ranks as the largest Ethereum treasury holder globally and the second-largest corporate crypto holder overall, trailing only Michael Saylor-backed Strategy (MSTR), which owns 638,460 BTC worth about $74 billion.
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