BitMine Immersion Technologies has made a massive move, acquiring 98,852 ether last week! š This strategic purchase, valued at approximately $300 million, propels their total ETH holdings past the 4 million milestone.
The firm's treasury now stands at an impressive 4,066,062 ETH. This means BitMine controls a significant 3.37% of Ethereum's circulating supply, solidifying its dominant position in the market.
Even after this substantial acquisition, BitMine maintains a robust financial standing with $1 billion in cash reserves. Their ETH treasury alone is now valued at roughly $12 billion, cementing its status as the largest known corporate Ethereum holder globally. š
