MZH Zee

08/06 04:18

Biggest macro trend’- BitMine’s Ethereum treasury

Biggest macro trend’- BitMine’s Ethereum treasury holdings hit $3B
ETH’s narrative has remained strong compared to SOL since Q2.

Key Takeaways 
BitMine now holds 833K ETH, worth over $3 billion, making it the world’s largest ETH treasury firm and the third biggest player in crypto treasury. Will ETH remain below $4K? 
BitMine Immersion Technologies (NYSE: BMNR) has scaled its Ethereum[ETH] treasury holdings to 833.1K ETH, approximately $3.05 billion based on market prices at press time. 
This followed the latest purchase of 208.1K ETH on the 4th of August, making it the world’s largest ETH treasury. 
BitMine had about twice the holdings of the second-largest ETH treasury firm, SharpLink Gaming, which was 438.2K ETH ($1.6 billion), at press time.
Among crypto treasuries, the firm was ranked third after MicroStrategy and Mara. 

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