BitMine increased its ETH holdings by 203,826 coins last week, bringing its total holdings to 3.24 million ETH, representing 2.7% of the total ETH supply.

BlockBeats News, October 20th, according to official sources, BitMine Immersion Technologies today announced that its total assets under management, including cryptocurrency, cash, and "moonshot investments," have reached $13.4 billion.

As of 6:30 PM ET on October 19th, the company's cryptocurrency holdings consist of: 3,236,014 ETH, 192 BTC, $119 million in Eightco Holdings (NASDAQ: ORBS) equity, and $219 million in unrestricted cash.

Tom Lee, Chairman of BitMine and analyst at Fundstrat, said, "Last week, the crypto market experienced the largest deleveraging event in history, putting pressure on the ETH price. The open interest for ETH has now fallen to the levels seen on June 30th of this year (when ETH was at $2,500). Given the supercycle expected for Ethereum, the current price dislocation presents an attractive risk-reward ratio. We increased our ETH holdings by 203,826 ETH in the past week, bringing the total holdings to 3.24 million, representing 2.7% of the total ETH supply."