Nasdaq-listed Ethereum finance company BitMine has shared the latest update on its crypto asset portfolio. The company's total Ethereum (ETH) holdings have reached 3,236,014, an increase of 203,826 ETH compared to the previous week.
According to BitMine's current report, the company also holds 192 Bitcoin (BTC), $1.19 billion worth of Eightco Holdings shares, and $2.19 billion in unsecured cash reserves.
Company's Strategic Outlook on Ethereum
This significant purchase in the last week demonstrates BitMine's strengthened confidence in the Ethereum ecosystem and its long-term strategic position.
The company predicts that Ethereum's evolving Layer 2 technologies, staking returns, and growth in institutional use cases will drive substantial value growth in the medium term.
BitMine plans to expand its corporate finance solutions on the Ethereum network by 2025 and aims to utilize ETH assets for both staking and decentralized finance (DeFi) investments.