BitMine's Ether Holdings Surge with Significant Investment in Worldcoin
BitMine recently reported its Ether treasury has crossed 2.15 million coins, driven by a rising stake in Eightco, a Worldcoin-affiliated firm.
Key Highlights:
- BitMine shared its total crypto, cash, and equity assets reached $10.77 billion as of last Sunday.
- The company increased its Ether stash by adding 82,233 coins, bringing the overall total to 2,151,676 Ether.
- Its stake in Eightco, a firm linked to Worldcoin, ballooned to $214 million, which is over ten times the initial investment.
BitMine Immersion Technologies (BMNR) has shifted focus to Ethereum, indicating strong growth in its digital asset holdings. Since pivoting operations in June, it has now become the second-largest publicly traded corporate holder of cryptocurrency, just behind Strategy.
The company’s rapid ascent has occurred amidst pressure within the treasury firm sector, which has seen disputes over stock values relative to asset values. Other firms like Sharplink Gaming are maneuvering to stabilize their stock prices in these turbulent market conditions.
For further insights on the evolving cryptocurrency landscape, explore the latest articles on CoinDesk.
