Crypto mining giant Bitmine drew attention with its latest portfolio update. The company announced that it purchased an additional 126,971 Ethereum (ETH) last week, bringing its total ETH holdings to 5,543,872 ETH.
According to the company, its total crypto and cash holdings have reached $9.6 billion. A major part of this portfolio consists of 4.72 million staked ETH, while Bitmine also holds $247 million in cash reserves.
Beyond Ethereum, Bitmine’s portfolio includes 203 Bitcoin (BTC), a $200 million stake in Beast Industries and an $88 million investment in Eightco Holdings. Under Tom Lee’s leadership, the company continues to strengthen its institutional Ethereum strategy.
