Bitmine ETH Holdings Reach $11.5 Billion

Bitmine Immersion Technologies has announced that its Ethereum holdings have reached 4.596 million tokens, valued at $11.5 billion. This figure is comprised of staked ETH worth $6.6 billion, as well as other crypto and cash holdings.

The company's Chairman, Thomas 'Tom' Lee, stated that since the start of the Iran war, crypto prices have outperformed the S&P 500 by 2,450 basis points in just two weeks.

Bitmine has increased its investment in Eightco (ticker: $ORBS) by $80 million to support ORBS' purchase of a $50 million equity stake in OpenAI. This acquisition gives investors direct exposure to OpenAI for the first time.