"Bitmine's treasury includes 5,180,131 ETH, representing about 4.29% of the total global supply, and is valued at approximately $12.1 billion at $2,336 per ETH."
"Chairman Thomas Lee described the current market as the beginning of a Crypto Spring, with the potential passage of the CLARITY Act as a key driver for growth."
"Lee emphasized that Ethereum is increasingly functioning as both a store of value and a unit of exchange, especially in light of geopolitical instability."
Bitmine Immersion Technologies announced a treasury of $13.1 billion, including 5.18 million ETH valued at approximately $12.1 billion and 200 Bitcoin. The company also holds $700 million in cash and $283 million in strategic investments. Bitmine's daily trading volume is $625 million, surpassing competitors like DoorDash. Chairman Thomas Lee anticipates the CLARITY Act's passage will boost agentic AI commerce and ETH staking. He views ETH as a vital store of value amid geopolitical tensions, particularly since the onset of the Iran War.
Read at news.bitcoin.com
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