{"id":172799,"date":"2025-09-29T16:30:31","date_gmt":"2025-09-29T13:30:31","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=172799"},"modified":"2025-09-29T16:33:07","modified_gmt":"2025-09-29T13:33:07","slug":"bitmine-expands-ethereum-holdings-to-11-billion-as-institutional-backing-grows","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitmine-expands-ethereum-holdings-to-11-billion-as-institutional-backing-grows\/","title":{"rendered":"BitMine Expands Ethereum Holdings to $11 Billion as Institutional Backing Grows"},"content":{"rendered":"
The purchase brings the company\u2019s total Ethereum holdings to more than 2.6 million tokens, with a market value of approximately $11 billion. Alongside its ETH position, BitMine reported $436 million in unencumbered cash and steady Bitcoin holdings of 192 BTC. The firm also disclosed a $157 million equity stake in Eightco Holdings.<\/p>\n
With these positions, BitMine continues to rank as the second-largest crypto treasury in the world, trailing only Strategy Inc., which holds 640,031 BTC valued at nearly $72 billion.<\/p>\n
Chairman Thomas \u201cTom\u201d Lee, who also founded Fundstrat, framed Ethereum as a cornerstone of the ongoing investment \u201csupercycle,\u201d citing the blockchain\u2019s reliability and uninterrupted uptime as defining features. He emphasized that the convergence of artificial intelligence and blockchain adoption is reinforcing Ethereum\u2019s role as the leading neutral public ledger.<\/p>\n