BitMine has significantly increased its assets in Ethereum, reaching over 2 million ETH, which is close to $9 billion.
Focus on Ethereum
BitMine stands out among its peers by concentrating its efforts on accumulating Ethereum instead of Bitcoin. In recent weeks, the company has added over $800 million in ETH, following a $668 million purchase. Each $100 price swing in Ether now affects the company's balance by over $200 million.
Moonshot Strategy
BitMine is also moving towards diversification. By investing $20 million in Eightco, the company launched its 'Moonshot' strategy, allocating a portion of reserves to projects it sees as foundational for the next wave of digital adoption. Eightco has selected Worldcoin, a token linked to digital identity verification, as its reserve asset.
Wall Street Investor Interest
Investor response has been positive, and BitMine's shares have become some of the most actively traded in the U.S., with average daily volumes exceeding $1.7 billion. Major investors include ARK Invest's Cathie Wood, Galaxy Digital, and Pantera, reflecting growing institutional acceptance of Ethereum-focused strategies.
BitMine demonstrates active growth and strategic use of Ethereum to strengthen its market position, attracting significant investor interest and expanding its investments in future projects.
