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Bitmine's ether stash tops 4.1 million tokens as crypto and cash holdings reach $13.2 billion
Source: CryptoNewsNet Original Title: Bitmine’s ether stash tops 4.1 million tokens as crypto and cash holdings reach $13.2 billion Original Link: Bitmine Immersion Technologies said its combined crypto, cash and higher-risk “moonshot” investments have reached $13.2 billion, driven by an ether position that now totals more than 4.1 million tokens.
The firm said the holdings make it the world’s largest publicly owned ether treasury and place it second globally among corporate crypto treasuries, behind a major bitcoin-focused strategy fund.
As of Dec. 28, Bitmine said it held 4,110,525 ETH, along with 192 bitcoin, a $23 million stake in Eightco Holdings and $1 billion in cash.
The ether position represents about 3.41% of the network’s circulating supply of roughly 120.7 million ETH, putting the company about two-thirds of the way toward what it calls its “alchemy of 5%” target.