BitMine Boosts Ethereum Holdings to $1.29B, Now Controls 2.5% of ETH Supply

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BitMine Immersion Technologies (BMNR) has quietly become one of the largest single holders of Ethereum. The company revealed total crypto and cash holdings worth $1.29 billion, including 3.03 million ETH, representing about 2.5% of Ethereum’s total supply, alongside 192 BTC, $104 million in cash, and other assets. BitMine increased its Ethereum position by 202,037 ETH during the latest market liquidation, buying into the dip as most traders rushed for exits. The firm said it took advantage of the steep price decline to expand its core holdings. “We acquired 202,037 ETH tokens over the past few days, pushing our holdings to

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