Deep Tide TechFlow News, August 4, according to an official announcement, BitMine Immersion Technologies (NYSE: BMNR) today announced that its Ether holdings have exceeded 833,137 coins, with a total value of over $2.9 billion at current prices, making it the largest institutional holder of Ether in the world. The company achieved this scale in just 35 days since launching its Ether reserve strategy on June 30.

Company Chairman of the Board and Fundstrat founder Thomas Lee stated that the company is advancing its strategic goal of acquiring 5% of the circulating supply of Ether.