On August 11, according to PRNewswire, BitMine Immersion Technologies (stock code: BMNR), a US stock Ethereum strategy company, announced today that its Ethereum (ETH) position value has exceeded $4.96 billion. As of 22:59 Eastern Time on August 10, the company held 1,150,263 ETH (priced at $4,311 per unit, data source: Bloomberg), becoming the world's largest ETH reserve entity.
The company stated that since launching its ETH reserve strategy on June 30 (completed on July 8), BitMine has achieved multiple key breakthroughs in five weeks: not only building the world's largest ETH reserve, but also rising to become the third-largest crypto asset holder globally with a total crypto asset scale of over $4.98 billion, second only to Microstrategy and Mara Blockchain.
Thomas "Tom" Lee, the board chairman of BitMine, known as the "Ethereum Bull Market Leader" and a Fundstrat analyst, said: "The company rapidly advanced its Ethereum strategy by increasing ETH holdings from 833,000 to 1.15 million in one week (with value soaring from $2.9 billion to $4.96 billion). We lead our peers in both crypto asset net value growth rate and stock liquidity."
