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06/10/25 08:05 UTC-04

BitMine reports $13.4 billion in cryptocurrency and cash assets

BitMine Immersion Technologies (New York American: BMNR) announced that the total value of its cryptocurrency and cash assets stands at $13.4 billion as of October 5. The company holds 2.83 million Ethereum tokens worth approximately $12.8 billion, along with $456 million in cash and other digital assets.

The Las Vegas–based company owns more than 2% of the total ETH supply. BitMine also holds 192 Bitcoin tokens and maintains a $113 million stake in Eightco Holdings (ORBS).

According to the company, BitMine is the world’s largest Ethereum holder and the second-largest overall cryptocurrency holder after MicroStrategy, which owns 640,031 Bitcoin valued at $79 billion.

BitMine’s average daily trading volume reached $2.5 billion over five days as of October 3, ranking the firm 28th among U.S. stocks by trading volume, according to company data citing a Fundstrat study.

“We remain confident that the two key investment themes of the Supercycle are AI and cryptocurrency,” said Thomas Lee, chairman of BitMine and head of Fundstrat.
“Since ETH’s price reflects a discount to its future value, that’s positive for the token and explains why ETH is the primary treasury asset of BitMine.”

The company operates Bitcoin mining facilities in Trinidad, Pecos, Texas, and Silverton, Texas. BitMine focuses on accumulating cryptocurrency for long-term investment through its mining operations and capital-raising initiatives.

According to the company, BitMine’s institutional investors include ARK Invest, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital.

See also: "UK debates sale of confiscated Bitcoin in fraud case"

#BitMine #Crypto Assets

Editor: Yulia Krasnaya
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