BitMine (BMNR) increased its holdings of 373,000 ETH last week, bringing the total holdings to 1.52 million ETH.

On August 18, BitMine Immersion Technologies, a publicly listed company in the US stock market, announced that the total value of its crypto assets holdings exceeds $6.612 billion. As of 11:59 PM Eastern Time on August 17, the company holds 1,523,373 ETH (unit price $4,326, data source Bloomberg) and 192 BTC. BitMine's chairman, Fundstrat analyst Tom Lee, stated: "In just one week, our ETH holdings rose by $1.7 billion to $6.6 billion (increased by 373,000 coins, total rising from 1.15 million to 1.52 million), which confirms institutional investors' support for our '5% Ethereum strategy'. As we have always emphasized, whether it's the net asset value growth per share of crypto assets or stock liquidity, BitMine is leading the development of institutional holdings in crypto assets." BitMine is currently the world's largest Ethereum holdings institution and the second-largest crypto assets holdings institution, second only to Strategy Inc (MSTR), which holds 628,900 BTC (valued at $74 billion).

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