Bitmine expands Ethereum Treasury lead when Eth Stash reaches $9 billion on its latest purchase

Bitcoin The miners turned Ethereum Treasury firm Bitmine Immersion Technologies has surpassed its holdings of 2 million ETH, bringing the ETH Treasury Department to a value of around $9 billion, the company announced Monday.

Bitmine (BMNR) maintains holdings of 2,069,443 ETH, 192 Bitcoin (equivalent to approximately $215 million) and $266 million in cash.

“As mentioned in the Chairman’s message in August, both AI/agent-AI convergence that creates a token economy when moving to both blockchains on Wall Street creates a supercycle for Ethereum,” Bitmine Chairman Tom Lee said in a statement.

The company also made its first strategic “Moonshot” investment, investing $20 million in EightCo Holdings. WorldCoin (WLD) – A native token for the world chain network co-founded by Sam Altman of Openai.

Investment is the first part of the strategy it says Google’s “Other Bets” Or a relatively small investment that can lead to distinctive revenue. For Ethereum Treasury Company, it is “Select” Investing in bold ideas This increases the value of the Ethereum network. ”

“Bitmine wants to support and support innovative projects that will create value for the Ethereum Ecosystem. As an ERC-20 native token, World is in line with Ethereum,” Lee said.

In the news of the company’s investment, shares in EightCo Holdings (OCTO) rushed over $46.01 over 3,000% after opening bell Monday.

BMNR shares have risen about 0.5% in early trading and are now changing hands at $42.36. That mark fell about 18% last month despite competing for the leadership leadership at ETH Holdings among the Treasury. Bitmine holds more than twice the ETH of the runner-up Sharplink game, which holds Ethereum worth $3.63 billion.

The company’s current holdings currently exceed 1.7% of the total ETH supply, which is sufficient to maintain its position. The second largest of all public companies. It just chases after the Bitcoin giant, strategymaintains a Bitcoin portfolio of nearly $72 billion.

Ethereum rose 0.7% to $4,328 over the last 24 hours, but remains off over 12% The best ever created in late August.