BitMine Immersion Technologies Reports $13.4 Billion in Crypto Holdings

According to BlockBeats, BitMine Immersion Technologies has announced that its total holdings in cryptocurrencies, cash, and 'high-potential investments' have reached $13.4 billion. As of 1:00 PM Eastern Time on October 5, the company's crypto assets include 2,830,151 ETH, 192 BTC, $113 million in Eightco Holdings (NASDAQ: ORBS) equity, classified as 'high-potential investments,' and $456 million in unrestricted cash. Tom Lee, Chairman of BitMine and a member of the Fundstrat Global Advisory Board, stated, "Over the past week at the Token2049 summit in Singapore, we engaged with numerous leaders in the crypto and blockchain industry. Our team had in-depth discussions with Ethereum core developers and key ecosystem builders, and it is evident that the community is actively working to integrate Wall Street and artificial intelligence into Ethereum's future. We firmly believe that the 'super cycle' investment theme remains focused on AI and the crypto sector. With its high reliability and 100% operational stability, Ethereum is naturally the preferred platform."