According to BlockBeats, BitMine's Chairman Tom Lee announced that BitMine ($BMNR) has become the world's second-largest cryptocurrency reserve company, holding approximately $8.98 billion in Ethereum. This positions BitMine just behind Strategy (MSTR) in terms of cryptocurrency reserves.
Lee highlighted that BitMine achieved this scale in just a few months, whereas MicroStrategy took over 1,200 days to reach a similar level.