#binance #hype #zec #near
06/10/25 23:07 UTC-04

BitMine increases its Ether holdings to a record $13 billion

Over the past week, BitMine has purchased 179,251 ETH worth approximately $823 million at an average price of $4,535 per coin. During the same period, ETH has risen by nearly 13%. The token is currently trading at $4,673, giving it a market capitalization of $564.1 billion.

In addition to Ether, BitMine holds 192 Bitcoin valued at $24 million, as well as shares of tech company Eightco Holdings worth $113 million. The company also reports cash reserves of $456 million.

BitMine is now considered the world’s largest corporate holder of Ether, surpassing its closest rival, SharpLink Gaming, which holds $3.85 billion worth of ETH. BitMine also ranks second globally among corporate crypto holders, behind Strategy, which owns $80 billion in Bitcoin.

BitMine’s (BMNR) stock price rose more than 5% this week to $59.78, marking a 37% increase over the past month.

Company chairman Tom Lee said that his team met with Ethereum core developers and key ecosystem participants, emphasizing that Wall Street financial institutions and AI-focused firms should build their businesses in cooperation with Ethereum.

Recently, Tom Lee called Ethereum the best blockchain, predicting that it will receive support from U.S. President Donald Trump’s administration. The businessman expressed confidence that Ether will soon reach a new all-time high.

See also: "Strategy pauses Bitcoin purchases"

#BitMine #Ethereum (ETH) #Crypto Assets #Buy

Editor: Yulia Krasnaya
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