Bitmine Surpasses Strategy as World's Largest Corporate Ether Holder

Bitmine Immersion Technologies has increased its Ether holdings to 5.79 million ETH, making it the world's largest corporate holder of Ether, according to a recent update.

The company added nearly 10,000 ETH over the past week as Ethereum continued to outperform Bitcoin in market trading.

As of July 26, Bitmine held approximately $11.8 billion in combined crypto holdings, cash, and marketable securities.

Bitmine Chairman Tom Lee noted that the ETH/BTC ratio has reached its highest level in three months, indicating strengthening momentum for Ethereum relative to Bitcoin.