BitMine Immersion Technologies has reached a new milestone by adding 317,000 Ethereum to its reserves, confirming its leadership on the market.
BitMine's Ethereum Accumulation
The recent purchase has positioned BitMine as the largest corporate holder of Ethereum globally, with total holdings of 1,150,263 ETH valued at approximately $4.9 billion. Earlier this month, the company added an additional 208,137 ETH to its growing crypto treasury.
Other Firms Following BitMine's Lead
Apart from BitMine, other public firms have begun adding ETH to their balance sheets as well. For instance, SharpLink recently purchased an additional 15,822 ETH valued at around $53.9 million, bringing its total ETH holdings to 480,031 ETH. The Ether Machine also acquired 15,000 ETH for $56.9 million.
Ethereum's Continued Momentum
The increasing interest in ETH among corporate holders comes amid rising prices. As of this writing, the price of ETH is $4,288, having increased by 2.2% in the last 24 hours.
Thus, BitMine solidifies its standing in the market as interest in Ethereum continues to rise alongside positive price dynamics.
