Bitmine Trips $15B Mark with Record Ethereum Treasury

Bitmine Immersion Technologies has significantly increased its Ethereum holdings to 5.85 million ETH, valuing its treasury at $14.9 billion. This expansion represents a substantial portion of the company's circulating supply, accounting for roughly 4.8%.

The company's total assets have reached an impressive $14.9 billion, encompassing Bitcoin, cash, marketable securities, and strategic investments. Bitmine continues to solidify its position as the world's largest corporate Ethereum treasury.

During the past week, Bitmine added 32,447 ETH to its holdings, extending its buying streak. This acquisition comes amidst a sharp rally in ETH, which has gained nearly 30% over seven days and reached approximately $2,472.