🚹 BitMine Immersion Technologies Reveals $11.6B in Crypto Holdings

Key Highlights:

đŸȘ™ ETH Dominance: Holds 2,650,900 ETH, claiming the largest ETH reserve globally.

₿ Bitcoin Holdings: Owns 192 BTC, smaller compared to giants like MSTR.

đŸ’” Cash + Moonshots: $436M cash reserves + other crypto investments.

📊 Total Value: ~$11.6B in digital assets.

🏆 Ranking: Second-largest overall corporate crypto reserve (after MicroStrategy’s 639,835 BTC worth ~$71B).

📈 Trading Volume: ~$2.6B avg. daily over 5 days → ranks 26th in U.S. stock market volumes.

🎯 Strategy: Plans to boost ETH holdings to 5% of reserves.

Market Impact:

✅ Ethereum’s long-term narrative gains credibility with such a massive corporate treasury bet.

✅ Signals that diversification beyond BTC (into ETH + alt “moonshots”) is becoming a serious institutional strategy.

⚠ Could add volatility if BMNR shifts positions aggressively given its $2.6B/day trading volume.

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