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Bitmine Crypto Holdings Soar to $11.6 Billion with Ethereum Dominating

Guavy AI Editorial Team
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Bitmine Immersion Technologies, Inc. (BMNR) has announced that its total holdings have reached $11.6 billion as of August 9. The company's Ethereum (ETH-USD) stash has grown to 5.81 million units, valued at around $11.2 billion, which accounts for approximately 4.8% of the total ETH supply.

Bitmine acquired an additional 7,391 Ethereum over this period, adding to its existing holdings. The company's overall crypto stash includes not only Ethereum but also other assets such as Bitcoin (BTC-USD) and marketable securities.

The significance of these numbers lies in the substantial growth of Bitmine's cryptocurrency holdings, which have reached a record high of $11.6 billion.

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