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BitMine Immersion Technologies (BitMine) announced that its reserves exceeded 1.15 million ETH worth over $4.96 billion as of August 10.
According to the press release, the price of Ethereum at that time was $4311. This makes BitMine the largest owner of the asset in the world and the third largest cryptocurrency treasury after Strategy and Mara Blockchain.
In just a week, the volume of the second largest cryptocurrency in the company's portfolio increased by $2 billion — from $2.9 billion (833 137 ETH) to $4.96 billion (1.15 million ETH).