#BreakingCryptoNews #Bitmine
BitMine's treasury now holds 1,523,373 ETH tokens, valued at approximately $6.6 billion, with each token priced at $4,326. This makes BitMine the world's largest Ethereum treasury and the second-largest global crypto treasury, behind Strategy Inc, which owns 628,946 BTC coins valued at $74 billion.
*Key Highlights:*
- *ETH Holdings:* 1,523,373 tokens, valued at $6.6 billion
- *Recent Increase:* $1.7 billion growth in ETH holdings in just one week
- *Bitcoin Holdings:* 192 BTC
- *Cash Reserves:* $80 million in unencumbered cash
*Institutional Backing:*
BitMine is supported by prominent investors, including
- *ARK's Cathie Wood*
- *Founders Fund*
- *Pantera*
- *Galaxy Digital*
- *Kraken*
- *DCG*
*Market Impact:*
BitMine's stock is highly liquid, with an average daily trading volume of $6.4 billion, ranking it 10th among US-listed stocks. The company's aggressive accumulation of Ethereum signals a broader institutional push into the digital asset.
