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- BitMine now holds $14.2 billion in combined crypto, cash, and strategic “moonshot” assets.
- The company owns 3.31 million ETH, securing its position as the world’s largest Ethereum treasury.
- Improved US-China relations are expected to boost crypto performance and investor confidence.
BitMine Immersion Technologies, a Bitcoin and Ethereum network company, reported a major milestone with total holdings reaching $14.2 billion. The portfolio includes $13.8 billion in cryptocurrencies, $305 million in cash, and $88 million in “moonshot” equity investments.
As of October 26th, it holds 3,313,069 Ether (ETH) worth $4,164 for each ETH and 192 Bitcoins. The company’s value of Ether accounts for 2.8% of the total supply of ETH. In that respect, BitMine holds the largest amount of ETH globally.
Only Strategy Inc. (MSTR), holding a huge Bitcoin position, ranks above the global crypto treasuries. The accumulation strategy supports a long-term approach towards digital assets. The company’s focus is still on gaining long-term value for crypto assets through accumulation and not by rapid appreciation.
Market Conditions Drive Strategic Adjustments
Current developments in US-China bilateral trade have spurred hope in various sectors of finance, including cryptocurrencies. The fundamentals of Ethereum remain strong. Favourable circumstances for a „Supercycle“ in 2025 have been identified.
BitMine has bolstered its cash position to $305 million from $219 million. The company has also strengthened its position on the Ethereum platform as it purchased another 77,055 tokens within the last week.
The company holds that digital currencies like Ethereum correlate well with the stock market and do better in “risk-on” markets. The observation made by Fundstrat has thereby justified BitMine’s investment strategy of increasing exposure with strong cash positions.
Market analysts also view the GENIUS Act and the SEC’s Project Crypto as pivotal policy moves. These regulatory frameworks could reshape financial services much like the 1971 end of the Bretton Woods system transformed Wall Street.
BitMine Stock Rises Among Top-Traded Equities
The expansion of BitMine spreads beyond digital assets. The stock of the company has become the most traded stock on the US stock market. The data from Fundstrat shows that BitMine occupies position 46 in daily trading activity rankings. The company ranks behind Goldman Sachs and above Amphenol.
The average five-day trading volume of $1.5 billion shows immense investor interest. Despite the industry going through a giant crypto deleveraging episode on October 10, the industry has now begun to recover on the trading front.
The high liquidity at BitMine also continues to attract institutional investors who want to invest in crypto-supported assets. Rising adoption and healthy management of the treasury levels put BitMine at the forefront of investment in the world of digital assets.
Related Reading: Bitcoin Dominates as Digital Asset Inflows Hit $921 Million After US CPI Boost
