BlockBeats reported on August 25 that, according to PR Newswire, the publicly listed company Bitmine (BMNR) announced today that its total cryptocurrency and cash holdings have surpassed $8.82 billion. As of August 24 at 5:30 PM Eastern Time, the company's cryptocurrency holdings include 1,713,899 ETH (valued at $4,808 each, data from Bloomberg), 192 Bitcoins (BTC), and $562 million in unrestricted cash.
BitMine Chairman Tom Lee stated: "In the past week, BitMine increased its cryptocurrency and cash holdings by $2.2 billion to $8.8 billion (purchased 190,500 ETH, total holdings increased from 1.52 million to 1.71 million). This is our second week raising funds at such a pace from institutional investors, aiming to achieve a total of 5% of ETH."
