BitMine (BMNR) increased its ETH holdings by 373,000 coins last week, bringing its total holdings to 1.52 million ETH.

BlockBeats News, August 18, BitMine Immersion Technologies, a publicly traded company in the US stock market, today announced that its cryptocurrency holdings are valued at over $6.612 billion. As of August 17, 23:59 Eastern Time, the company holds 1,523,373 ETH (price $4,326 per coin, data source: Bloomberg) and 192 BTC.

Tom Lee, Chairman of BitMine and analyst at Fundstrat, said, "Within a week, our ETH holdings have increased by $1.7 billion to $6.6 billion (adding 373,000 coins, increasing from 1.15 million coins to 1.523 million coins), confirming institutional investors' support for our '5% Ethereum Strategy.' As we have always emphasized, both in terms of per-share cryptocurrency asset value growth and stock liquidity, BitMine leads the development of institutional cryptocurrency holdings."

BitMine is now the world's largest Ethereum holding institution and the second-largest cryptocurrency holding institution, second only to Strategy Inc (MSTR), which holds 628,900 BTC (worth $74 billion).