Nasdaq-listed Ethereum finance company BitMine has shared the latest update on its crypto asset portfolio. The company’s total Ethereum (ETH) holdings have reached 3,236,014, an increase of 203,826 ETH compared to the previous week.
BitMine’s Ethereum Holdings Reach 3.23 Million ETH
According to BitMine’s current report, the company also holds 192 Bitcoin (BTC), $1.19 billion worth of Eightco Holdings shares, and $2.19 billion in unsecured cash reserves.
This large purchase in the last week shows that BitMine has strengthened its confidence in the Ethereum ecosystem and its long-term strategic position.
The company predicts that Ethereum’s evolving Layer 2 technologies, staking returns, and growth in institutional use cases will drive significant value growth in the medium term.
BitMine plans to expand its corporate finance solutions on the Ethereum network by 2025 and aims to use ETH assets for both staking and DeFi investments.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/nasdaq-listed-company-bitmine-increases-its-ethereum-reserves-heres-the-latest-eth-purchase-amount/
