BitMine Immersion Leads Global Ethereum Treasures, Ranks #2 In Crypto
BitMine Immersion Technologies has solidified its reputation as the largest Ethereum ($ETH) treasury in the world. The platform is also the world’s second-largest overall crypto treasury besides Strategy Inc.
The company has combined cash with crypto holdings, announcing that this holding goes beyond $8.82 billion. Last week, this surge was at $6.6 billion, now showing a remarkable increase of $2.2 billion.
Institutions Back BitMine to Expand its $ETH Treasury
On the 24th of August, BitMine holds 1,713,899 $ETH, per token worth $4,808. Further, the company holds 192 Bitcoin ($BTC) along with unencumbered cash of $562 million. Strong institutional support is the reason behind this massive expansion.
The notable…
