$ETH

Bitmine Gemersion has accumulated over 163,000 ETH, bringing Ethereum holdings exceeding $500 million, more than double the revenue from its private placement costing $250 million. The treasury strategy in Ethereum at Bitmine, from the immersion of Mark Petin (NYSE American: BMNR), a crypto infrastructure company focused on long-term digital asset accumulation, now holds nearly $500 million in Ethereum. As of July 14, the company's holdings totaled 163,142 ETH, each valued at $3,072.67 at the time of accounting. The company closed a private placement worth $250 million just days earlier, on July 9, and has already more than doubled this initial investment in ETH through the strategic treasury deployment. This move reflects Bitmine's first Ethereum strategy and its commitment to building shareholder value by increasing ETH-SHARE metrics. Thomas Lee, newly appointed chairman of Bitmine, stated: "Since closing the $250 million private placement, we have surpassed $500 million in Ethereum Holdings, validating our mission to increase our stake in the Ethereum network." The treasury strategy at Bitmine is designed to take advantage of capital market activity, reinvest operational cash flows, and generate revenues to increase holdings over time. The company emphasizes optimizing capital cost #ETHBreaks3k