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Bitmine immersion: giant growth in Ethereum ownership-$ 13.23 billion!
Bitmine Immersion extends its Ethereum stocks to over 2.8 million ETH, invested in AI and crypto. Current market developments.
Bitmine immersion: giant growth in Ethereum ownership-$ 13.23 billion!
Bitmine Immersion Technologies, the largest Ethereum trasure company, has significantly expanded its cryptocurrency stocks last week. The company value increased significantly when it added 179,251 ETH. This means that the total amount of Ethereum held at 2.830, 151 ETH, which at this point corresponds to an impressive value of over 13.23 billion USD, reports Daily Hodl.
In addition to its Ethereum stock, Bitmine holds 192 Bitcoin (BTC) and $ 456 million in unbound cash. In addition, the company has a significant share of $ 113 million in the KRYPTO trasure company Eggtco Holdings (ORBS). The latter plans to collect around $ 270 million to finance a treasury strategy that focuses on Sam Altman's Worldcoin (WLD). This shows Bitmine's interest in strategic partnerships within the crypto industry.
Strategic orientation and market position
Bitmine already controls more than 2.3% of the total Ethereum offer and has set itself the goal of increasing it to 5%. The recent strategic meetings of the Bitmine teams with Ethereum Kern developers and other important actors of the ecosystem testify to their commitment to the orientation and growth within the community.
Bitmine's investment strategies focus strongly on the combination of artificial intelligence and cryptocurrencies, with Ethereum being seen as a preferred choice. This focus could indicate future innovations that could play an important role in the financial sector.
Market reaction
Bitmine's stock price (BMNR) reacted to the positive news situation and rose by 7.4% on Monday. This is a clear sign of the trust of investors in the strategies and the company's growth potential.
Bitmine remains a key player in the constantly changing landscape of cryptocurrencies. With a clear strategy and significant investments, the company seems to be well positioned in order to continue to influence the Ethereum world and to expand its dominant position.