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World's Largest Ethereum Treasury Holds Over 2% Of ETH Supply, Announces $365MM Offering
['Tyler Durden']
Zero Hedge
By CointelegraphBitMine Immersion Technologies, a crypto treasury company focused on Bitcoin and Ether, said it controls more than 2% of Ether’s total supply after amassing 2.4 million ETH.
The company disclosed on Monday that its Ether (ETH) holdings are valued at about $10.1 billion, making it the largest corporate ETH treasury worldwide.
According to Strategic ETH Reserve data, BitMine is currently the world’s top corporate Ether treasury.
SharpLink Gaming, an ETH treasury led by an Ethereum co-founder, takes the silver medal, with 838,150 ETH on its balance sheet.
The portfolio places BitMine among the top crypto treasury companies, led by Strategy, with 639,835 Bitcoin worth over $74 billion as of Monday.
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