The post BitMine Boosts ETH Treasury by $113M appeared first on Coinpedia Fintech News
BitMine Immersion Technologies added 27,316 ETH worth $113 million to its treasury this week, increasing its total Ethereum holdings to $13.3 billion. This makes BitMine the largest ETH treasury globally and the second largest crypto treasury overall. The company, led by Tom Lee, aims to accumulate 5% of Ethereum’s total supply. BitMine is supported by top institutional investors and believes Ethereum will play a key role in future financial markets.