Bitmine Secures Largest Global ETH Treasury With $4.96B Holdings
Main Idea
Bitmine now holds the world’s largest Ethereum treasury valued at $4.96 billion, positioning it as a major player in cryptocurrency holdings and stock liquidity.
Key Points
1. Bitmine's Ethereum holdings total 1,150,263 ETH, valued at $4.96 billion as of August 10.
2. The company's ETH holdings increased by $2 billion in just one week, from $2.9 billion to $4.96 billion.
3. Bitmine's total crypto treasury value exceeds $4.98 billion, making it the third-largest cryptocurrency holder globally.
4. Bitmine's stock (NYSE AMERICAN: BMNR) ranks as the 25th most liquid U.S.-listed stock, with $2.2 billion in liquidity over five days.
5. The company's strategy is supported by institutional investors including Ark Invest, Founders Fund, and Pantera Capital.
Description
Bitmine now holds the world’s largest ethereum treasury, valued at over $4.96 billion. The company’s holdings total 1,150,263 ETH tokens as of August 10, based on a price of $4,311 per token. Bitmine Boasts World’s Biggest ETH Stash Held by a Public Company This valuation marks a significant $2 billion increase from the $2.9 billion
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