Summary
- BitMine Immersion announced that it has become the world's largest Ethereum reserve company by holding 833,137 ETH.
- BitMine stated that it had purchased Ethereum worth $2.9 billion after announcing its Ethereum reserve strategy on June 30.
- The sharp increase in ETH holdings in just 35 days indicates BitMine's aggressive purchasing strategy to investors.
Virtual asset (cryptocurrency) mining company BitMine Immersion, which declared a strategic reserve of Ethereum (ETH), announced that it has become the world's largest Ethereum reserve company.
On the 4th (local time), BitMine Immersion announced via its official channels, "BitMine's current Ethereum holdings amount to 833,137 units, approximately $2.9 billion, making it the world's largest Ethereum reserve company."
After announcing its Ethereum reserve strategy on June 30, BitMine purchased Ethereum worth $2.9 billion, becoming the world's third-largest virtual asset reserve company, following MicroStrategy and MARA Holdings.
Tom Lee, Chairman of the Board of BitMine, emphasized, "BitMine increased its Ethereum reserves to over 833,000 units in just 35 days."
YM Lee
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