BitMine Immersion Technologies Hits $13 Billion In Assets

Tom Lee’s BitMine Immersion Technologies has been rapidly raising capital and accumulating Ethereum. And they aren’t showing any signs of slowing down.

What’s happening:

• BitMine Immersion Technologies (NYSE: BMNR) has publicly stated they have surpassed more than $13B USD in total assets
  

By the numbers:‍

• BitMine Immersion Technologies owns more than 3.2M Ethereum tokens which is worth approximately $13B USD
  
• BitMine Immersion Technologies also holds $219M USD in cash
  

Why it matters:‍

• BitMine Immersion Technologies now owns roughly 2.7% of all the Ethereum in circulation and has publicly stated they are aiming to acquire 5% of the entire Ethereum supply
  

Going deeper:‍

• Multiple prominent technology investors and Wall Street legends are early investors in BitMine Immersion Technologies including Peter Thiel’s Founders Fund, Stanley Druckenmiller’s Duquesne Family Office, Cathy Wood’s ARK Invest and Bill Miller III
  

The intrigue:‍

• BitMine Immersion Technologies was also an early investor in Eightco Holdings (NASDAQ: ORBS) which is the first ever publicly traded company in North America to begin accumulating Worldcoin to hold directly as an asset

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