BitMine Immersion Technologies has revealed its cryptocurrency holdings now exceed $9 billion, positioning it as the second-largest crypto treasury worldwide after Michael Saylor’s Strategy.
The company currently holds 2.069 million ether worth $8.9 billion, along with 192 bitcoin and $266 million in cash, pushing its total crypto and cash holdings above $9.2 billion. Since pivoting to an ETH-focused treasury in June, BitMine has aimed to accumulate 5% of the total ETH supply, becoming the largest ether treasury globally.
This bold move helped fuel a 1,000% surge in a stock tied to WLD accumulation. The company also announced a $20 million investment in Eightco Holdings as part of its new “Moonshot” strategy to support innovative Ethereum ecosystem projects. Eightco plans to make worldcoin its main treasury asset, following a $270 million PIPE raise. With BitMine’s rapid expansion, it now rivals Strategy’s bitcoin-first approach, strengthening its position as a dominant institutional force in crypto treasuries.
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