BitMine Immersion Technologies currently holds over 1.15 million ETH with a market value of nearly 5 billion USD, becoming the largest ETH repository globally and ranking 3rd in cryptocurrency assets.

The company has increased its ETH holdings by approximately 320,000 units in one week, equivalent to 2 billion USD. BitMine aims to hold 5% of the total ETH supply, backed by reputable investment funds like ARK, Founders Fund, and Pantera.

MAIN CONTENT

  • BitMine holds over 1.15 million ETH, worth nearly 5 billion USD.

  • Added 320,000 ETH in one week, equivalent to 2 billion USD.

  • The goal is to hold 5% of the total ETH supply, supported by reputable investment funds.

How much ETH does BitMine Immersion Technologies currently hold and what is its value?

BitMine Immersion Technologies owns over 1,150,263 ETH, equivalent to approximately 4.96 billion USD based on the ETH price at 4,311 USD/unit.

This number makes BitMine the largest ETH wallet in the world, while holding the 3rd position in the list of high-value cryptocurrency vaults. This is a testament to the company's financial strength and long-term investment strategy in the cryptocurrency sector.

How has the company increased its ETH holdings and why is this important?

Within a week, BitMine has added approximately 320,000 ETH, equivalent to 2 billion USD. This is a strategic move to strengthen its position in the Ethereum ecosystem.

The increase in ETH volume not only enhances BitMine's liquidity but also demonstrates confidence in the growth potential and medium-term stability of Ethereum in the global cryptocurrency market.

What is BitMine's goal in holding ETH and who are the supporting investors?

BitMine's goal is to hold 5% of the current total ETH supply – a significant figure regarding influence in the cryptocurrency market.

Additionally, BitMine receives support from prestigious investment funds like ARK, Founders Fund, and Pantera, enhancing the company's credibility and reliability in the eyes of global investors.

BitMine is building a strong cryptocurrency vault with a commitment to long-term ETH holdings, affirming its pioneering position in the global Ethereum market.

Quote from the CEO of BitMine, 2024

Frequently Asked Questions

How much ETH does BitMine currently own?

BitMine is holding over 1,150,263 ETH, with a market value of nearly 5 billion USD.

What is the added value of BitMine's ETH in the past week?

BitMine has increased its holdings by an additional 320,000 ETH in one week, equivalent to 2 billion USD.

Which investment funds support BitMine?

The company is backed by reputable funds such as ARK, Founders Fund, and Pantera.

What is BitMine's goal in holding Ethereum?

BitMine aims to own 5% of the total ETH supply currently available in the market.

What is BitMine's position in the US stock market?

BitMine is ranked 25th in liquidity with an average trading volume of 2.2 billion USD/day.

Source: https://tintucbitcoin.com/bitmine-so-huu-115-trieu-eth/

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