Bitcoin mining company and Ether Treasury Ministry BitMine Immersion Technology said it owns around 1.9 million ETH.
According to a announcement Tuesday, Bitmine holds 1,866,974 ether (ETH) or almost 1.55% of the total ETH supply, 192 Bitcoin (BTC), and $635 million of unhindered cash. This brings the total total capital to $8.98 billion.
Bitmine is currently the world’s largest company, Ether, and is valued at over $8.1 billion in ETH holdings, according to strategic ETH reserve data. The second largest Treasury Department is Sharplink Gaming at 797,700 ETH, worth around $3.43 billion.
Bitmine Immersion Technologies Ether Holdings Chart. sauce: Strategic ETH Reserves
According to Google Finance data, the market rose 1.12% on the day of writing, and at the time of writing stock trading was $44.13. Also, prices on August 4th increased by nearly 41% from $31.13 onwards.
Bitmine Immersion Technologies stock price chart. sauce: Google Finance
Related: Who owns the most ether in 2025? Eth Rich list revealed
Bitmine is currently being purchased
This news continues during Bitmine’s high-performance period. Last month, Cathie Wood’s Ark Invest bought an additional $15.6 million stake in Bitmine Immersion Technologies, increasing its total investment in the company to more than $300 million.
This is what Bitmine Chairman Tom Lee, managing partner of FundStrat Global Advisors, said on August 26th that Ether prices are about to bottom out.
Ethereum 7-day chart. sauce: coinmarketcap
Lee’s comments followed Bitmine’s addition of 373,000 ether to the Treasury, a week before August, with its shares falling 14.2% over the same period.
Related: If the price breaks $4,300, the Ether Treasury will rise to $13 billion
The Ministry of Ether is increasing
The Etheric Treasury has gained considerable traction recently. According to a report released Tuesday, Yunfeng Financial Group, a Hong Kong-listed company with ties to Alibaba founder Jack Ma, has won 10,000 ETH, worth around $44 million.
Today’s report also reveals that crypto company The Ether Machine has secured $654 million in private finance rounds and has collected 150,000 ether from well-known Ethereum advocate Jeffrey Berns.
magazine: Koreans abandon Tesla for Ethereum Treasury Bit Mine: Asia Express
