BitMine's Crypto Holdings Slip to $11.3 Billion Amid ETH Price Drop

BitMine Immersion Technologies has announced its latest crypto holdings, which total $11.3 billion as of August 2nd.

The company's 'moonshot' holdings include a $180 million stake in Beast Industries and a $61 million stake in Eightco Holdings.

In addition to these stakes, BitMine also holds 209 BTC, worth nearly nothing compared to the 10.9 billion dollar ETH stack it owns.

The ETH stack is valued at $1,880 per token, according to Coinbase, and makes up 4.8% of the 120.7 million ETH supply, a share that has remained unchanged since last week.

BitMine's Chairman, Tom Lee, stated that management considers the shares 'attractively valued' and is continuing with its $4 billion buyback program.