PANews reported on August 11 that according to PR Newswire, BitMine Immersion Technologies (BMNR) announced that its Ethereum (ETH) holdings have exceeded 1,150,263 coins, with a total market value of approximately $4.96 billion calculated at $4,311 per coin, becoming the world's largest ETH vault and ranking third among global cryptocurrency vaults. The company increased its holdings by about 320,000 ETH within a week, with the holding market value increasing by $2 billion. BitMine is supported by institutions such as ARK, Founders Fund, and Pantera, with the goal of holding 5% of the total ETH. BMNR is currently the 25th largest liquidity stock in the United States, with an average daily trading volume of $2.2 billion.
BitMine holds over 1.15 million ETH, with a market capitalization of nearly $5 billion
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