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BitMine Immersion Technologies has surpassed $10 billion in deposited ETH, a milestone that confirms the company's aggressive strategy of accumulating Ethereum and positions it as one of the largest institutions holding this cryptocurrency.
The company, traded under the symbol BMNR, announced that its Ethereum holdings reached 5.18 million ETH, with total digital assets and cash valued at $13.1 billion. The value of ETH deposited in this wallet has exceeded the $10 billion mark.
BitMine's accumulation of ETH has been steady. The company added 101,745 ETH, marking its third consecutive weekly purchase exceeding 100,000 tokens. This purchase rate indicates a well-planned and ongoing treasury management strategy, rather than a one-time allocation.
Previous disclosures showed that BitMine's holdings reached 4.326 million ETH, meaning the company has added approximately 854,000 tokens since that report. This increase in holdings has been documented through the U.S. Securities and Exchange Commission filings related to the company's disclosures on Form 8-K.