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BitMine Immersion Technologies (BMNR), the integer plus treasury institution focused connected Ethereum's ether (ETH) and helmed by Fundstrat's Tom Lee, said its crypto, currency and equity holdings deed $10.77 billion.
As of Sunday, the Las Vegas-based steadfast held 2,151,676 ETH, adding 82,233 tokens to its stash last week, according to a Monday press release. It besides held $569 cardinal successful unencumbered cash. The ether is worthy $9.7 cardinal astatine existent prices.
Its equity involvement successful Worldcoin-focused Eightco (OCTO), a caller crypto treasury steadfast centered connected iris scanning task Worldcoin (WLD), roseate to $214 million. That's much than 10 times the initial $20 cardinal investment, marking BitMine's archetypal stake successful a chap integer plus treasury play what it calls "moonshots."
Since the firm's pivot to ether successful June, BitMine has emerged arsenic the second-largest nationalist firm proprietor of a cryptocurrency, trailing lone pioneer Strategy's $73 cardinal bitcoin stash.
Treasury firms person been under pressure implicit the past weeks with immoderate stocks trading beneath the nett plus worth of their underlying holdings. Rival Ethereum treasury institution Sharplink Gaming, for example, past week bought backmost equity to assistance its stock price.
Read more: Corporate Bitcoin Buying Slowed successful August arsenic Treasuries Add $5B
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