The post Asset Management Company BitMine Announces Cryptocurrencies in Its Portfolio! Here Are Those Coins appeared on BitcoinEthereumNews.com. BitMine, which operates in the field of crypto mining and asset management, announced today that its total asset value has increased to $13.2 billion. BitMine’s Assets Reach $13.2 Billion: ETH Holdings Exceed 3.86 Million The company’s crypto assets, cash reserves, and investments in the “moonshot” category form the basis of this total value. According to the statement, as of 4:00 PM on December 7, BitMine’s crypto portfolio consists of 3,864,951 units of Ethereum (ETH), 193 units of Bitcoin (BTC) and a $36 million share position in Eightco Holdings (ORBS), which is traded on Nasdaq. The company’s cash reserves are reportedly around $1 billion. Based on the current ETH price, BitMine’s Ethereum holdings exceed 3.2% of the total supply. Company management states that they aim to increase this ratio to 5% as a medium-term target. Chairman Thomas “Tom” Lee announced that they purchased 138,452 ETH last week. He emphasized that these purchases represent a 156% increase compared to the average weekly rate of 54,156 ETH four weeks prior. This aggressive buying strategy demonstrates BitMine’s long-term confidence in the Ethereum ecosystem while strengthening the company’s claim to be one of the largest institutional accumulators of ETH in the industry. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/asset-management-company-bitmine-announces-cryptocurrencies-in-its-portfolio-here-are-those-coins/The post Asset Management Company BitMine Announces Cryptocurrencies in Its Portfolio! Here Are Those Coins appeared on BitcoinEthereumNews.com. BitMine, which operates in the field of crypto mining and asset management, announced today that its total asset value has increased to $13.2 billion. BitMine’s Assets Reach $13.2 Billion: ETH Holdings Exceed 3.86 Million The company’s crypto assets, cash reserves, and investments in the “moonshot” category form the basis of this total value. According to the statement, as of 4:00 PM on December 7, BitMine’s crypto portfolio consists of 3,864,951 units of Ethereum (ETH), 193 units of Bitcoin (BTC) and a $36 million share position in Eightco Holdings (ORBS), which is traded on Nasdaq. The company’s cash reserves are reportedly around $1 billion. Based on the current ETH price, BitMine’s Ethereum holdings exceed 3.2% of the total supply. Company management states that they aim to increase this ratio to 5% as a medium-term target. Chairman Thomas “Tom” Lee announced that they purchased 138,452 ETH last week. He emphasized that these purchases represent a 156% increase compared to the average weekly rate of 54,156 ETH four weeks prior. This aggressive buying strategy demonstrates BitMine’s long-term confidence in the Ethereum ecosystem while strengthening the company’s claim to be one of the largest institutional accumulators of ETH in the industry. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/asset-management-company-bitmine-announces-cryptocurrencies-in-its-portfolio-here-are-those-coins/