Bitmine increased its holdings by approximately 190,000 ETH last week, bringing total ETH holdings to 1.713 million

BlockBeats News, August 25—According to a report by PRNewswire, US-listed company Bitmine (BMNR) announced today that the total value of its cryptocurrency and cash holdings has surpassed $8.82 billion. As of 5:30 p.m. Eastern Time on August 24, the company’s cryptocurrency holdings included 1,713,899 ETH (valued at $4,808 per ETH, data from Bloomberg), 192 Bitcoin (BTC), and $562 million in unrestricted cash.

BitMine Chairman Tom Lee stated, “Over the past week, BitMine increased its crypto and cash holdings by $2.2 billion to $8.8 billion (an additional 190,500 ETH, bringing the total from 1.52 million to 1.71 million ETH). This marks the second consecutive week we have raised funds from institutional investors at such a pace, as we pursue our goal of holding 5% of the total ETH supply.”