Bitmine Overtakes Marathon Digital as Second-Largest Crypto Treasury with $13.4B ETH, BTC Holdings

Ethereum treasury investor Bitmine Immersion Technologies (BMNR) has achieved a historic milestone, surpassing Marathon Digital to become the world’s second-largest crypto treasury holder. According to Bitmine’s official press release on October 6, the firm’s combined crypto and cash holdings now total 456 million in unencumbered cash, and minor Bitcoin and equity stakes. At current market prices of $4,535 per ETH, Bitmine’s Ethereum reserves are now wort ...