BitMine Immersion Technologies Inc (BMNR) now holds over 2.15 million ETH tokens valued at $10 billion, making it the largest Ethereum treasury company globally. The total crypto and cash holdings reached $10.771 billion, with 2,151,676 ETH, 192 BTC, $214 million in investments, and $569 million in cash reserves.

Chairman Tom Lee announced that BitMine has surpassed $11 billion in total crypto holdings, aiming to acquire 5% of Ethereum’s total supply. Lee highlighted the benefits for large ETH holders, emphasizing the pursuit of the ‘alchemy of 5%’ of ETH.

Digital asset investment products saw $3.3 billion in inflows last week, reaching $239 billion in total assets under management near August’s record high. Ethereum attracted $646 million in inflows after eight consecutive days of outflows, benefiting from renewed investor interest.

BitMine’s strategy focuses on Ethereum as the primary platform for Wall Street’s migration to blockchain infrastructure. Lee believes Ethereum is a significant macro trade for the next 10-15 years, as blockchain adoption by Wall Street and AI will transform the financial system, primarily on Ethereum.

Read more at Yahoo Finance: BitMine Reports $10.8 Billion Ethereum, Bitcoin, ‘Moonshot’ Crypto Holdings