BitMine Immersion Aims Major Ethereum Ownership with New Strategy

BitMine Immersion Technologies disclosed its substantial holdings on September 29, including approximately 2.65 million ETH, 192 BTC, and $436 million in cash, totaling around $11.6 billion. This announcement positions BitMine among the most influential crypto asset holders, potentially impacting both market dynamics and its quest to control 5% of global ETH supply.