Publicly traded crypto treasury companies took sharply different approaches to managing their digital asset holdings last week, with one expanding its Ethereum position while another reduced its Bitcoin reserves to meet corporate financial obligations.
BitMine Immersion Technologies purchased 42,197 Ethereum tokens worth about $74 million, lifting its holdings to 5,742,237 ETH, or roughly 4.8% of Ethereum's circulating supply. At recent market prices, the company's Ethereum treasury is valued at nearly $10 billion, making it the largest corporate holder of the cryptocurrency.
