Bitmine Hits 5.62M ETH Tokens, Total Holdings Reach $10.4B

Bitmine's ETH holdings have reached 5.62 million tokens, according to its latest update.

The company's total crypto and cash balance sheet now stands at $10.4 billion.

This significant increase in Bitmine's crypto holdings has caused the stock price to rise by 6.5%, reaching $17.16 per share.

As a result of its large Ethereum holding, Bitmine has become a leveraged Ethereum proxy, which means that its stock price closely tracks the value of ETH.