BitMine Ascends to Second Place in Global Crypto Treasury Rankings with a Worth of $6.6 Billion

BitMine Immersion Technologies, led by Tom Lee, has climbed to the second spot in the global crypto treasury list, right behind Michael Saylor's Strategy, with its Ether holdings valued at approximately $6.6 billion. The company announced an increase of 373,110 ETH from last week, raising the worth of its holdings by $1.7 billion. Lee believes that the Ethereum network, which hosts the majority of stablecoins and tokenized real-world assets, is one of the biggest macro trades for the next decade.

Despite a market correction that saw Ether prices drop, BitMine holds 37% market dominance in the Ethereum treasury sector, with a target of a $20 billion Ether treasury. Concurrently, BTCS Inc. became the first publicly listed company to issue a dividend in ETH.