Last week, the company swept in nearly 100,000 ETH—specifically, 96,798 coins. Now, their Ethereum holdings have piled up to just over 3.72 million coins.
However, their asset allocation is not just ETH. They also hold 192 BTC on their accounts, plus shares of Eightco Holdings worth 36 million dollars. The most outrageous part is that they have 882 million dollars in cash that has not been touched at all, completely uncollateralized.
After this operation, BitMine's balance sheet has thickened again. While continuously increasing its holdings in ETH, retaining so much liquidity seems to be preparing ample ammunition for the next move.
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BitMine swept nearly 100,000 ETH last week and has 882 million in cash on hand.
[Coin World] BitMine's latest move has arrived.
Last week, the company swept in nearly 100,000 ETH—specifically, 96,798 coins. Now, their Ethereum holdings have piled up to just over 3.72 million coins.
However, their asset allocation is not just ETH. They also hold 192 BTC on their accounts, plus shares of Eightco Holdings worth 36 million dollars. The most outrageous part is that they have 882 million dollars in cash that has not been touched at all, completely uncollateralized.
After this operation, BitMine's balance sheet has thickened again. While continuously increasing its holdings in ETH, retaining so much liquidity seems to be preparing ample ammunition for the next move.