BitMine's Crypto Holdings Reach $13.7 Billion, Including 3.4 Million ETH Tokens and Unencumbered Cash of $389 Million

BitMine Immersion Technologies announced crypto holdings of $13.7 billion, including 3.4 million ETH tokens and $389 million in unencumbered cash. The company's crypto holdings make it the largest ETH treasury in the world, and it has surpassed the halfway point in its goal of acquiring 5% of ETH. BitMine remains supported by a group of institutional investors, including Cathie Wood and Thomas "Tom" Lee. The company's stock trades $1.5 billion per day and is the 60th most traded stock in the US.