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BitMine Increases Its Holdings to $8.8 Billion with Institutional Investor Support

BitMine Increases Its Holdings to $8.8 Billion with Institutional Investor Support

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by Giorgi Kostiuk

5 hours ago

BitMine Immersion Technologies has announced a significant increase in its crypto and cash holdings to $8.8 billion, demonstrating investor confidence.

Increase in BitMine's Holdings

As of August 24, 2025, the company's assets consist of 1.71 million ETH, 192 BTC, and $562 million in cash. This reflects a $2.2 billion increase from the $6.6 billion reported last week.

Support from Institutional Investors

BitMine is supported by major institutional investors including ARK's Cathie Wood and Founders Fund. This enables the company to pursue more capital while striving to achieve 5% of the total ETH supply.

Future of Ethereum and BitMine

Chairman of BitMine, Tom Lee, emphasized that Ethereum is one of the key assets for the next 10-15 years. He also mentioned the transformative impact of blockchain on the financial system, highlighting Ethereum's significance in this revolution.

BitMine continues to show confidence in the crypto market by increasing its assets through institutional investment. The company's future looks promising in light of Ethereum's growth.

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