BitMine Holds Over 3.2% of Ethereum Supply, Reports $13.3 Billion in Assets

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BitMine's significant Ethereum holdings signal strong market confidence, potentially influencing future crypto valuations.

According to PANews, BitMine, an Ethereum treasury company listed on Nasdaq, has disclosed that it currently holds more than 3.2% of the total Ethereum token supply. The company's combined assets, including cryptocurrencies, cash, and other investments termed 'Moonshots,' amount to $13.3 billion. As of December 14, Eastern Time, BitMine's cryptocurrency holdings include 3,967,210 ETH and 192 BTC. Additionally, the company possesses $1 billion in unsecured cash and other crypto assets, as well as $38 million in shares of Eightco Holdings.

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