BlockBeats News, November 10th, according to official sources, BitMine Immersion Technologies announced today that its total holdings of cryptocurrency + cash + “venture investments” have reached $13.2 billion. As of 8:00 PM EST on November 9th, the company’s cryptocurrency holdings include 3,505,723 ETH, 192 BTC, $61 million worth of Eightco Holdings equity, and $398 million in unlevered cash.
BitMine’s Chairman and Director of Fundstrat Global Advisors, Thomas “Tom” Lee, stated: “The recent ETH price pullback has created a good opportunity, and we have accelerated our accumulation this week. In the past week, we have purchased 110,288 ETH, a 34% increase compared to the previous week. With this, we now hold 3.5 million ETH, accounting for 2.9% of its total supply, approaching our ‘5% Alchemy’ target. At the same time, our cash reserves have increased from $3.89 billion to $3.98 billion.”
