BitMine Immersion has announced it now holds over 3.73 million ETH tokens, representing more than 3% of the total ETH supply, with total holdings including crypto and cash reaching $12.1 billion. The company is accelerating its ETH accumulation ahead of the upcoming Fusaka upgrade and is a leading holder in the crypto treasury space, supported by prominent institutional investors. It is also one of the most traded stocks in the US, with a focus on long-term crypto investment and infrastructure development.
The London silver market is experiencing an unprecedented short squeeze, pushing prices above $50 an ounce and causing severe liquidity issues, reminiscent of the 1980 Hunt brothers' attempt to corner the market, driven by increased demand, dwindling inventories, and geopolitical tensions.
BitMine Immersion has become the world's largest Ethereum treasury and second-largest crypto treasury overall, with holdings exceeding $8.8 billion, supported by major institutional investors, and trading an average of $2.8 billion daily, reflecting significant growth and market influence.
BitMine Immersion has become the world's largest ETH treasury with over $6.6 billion in crypto holdings, including 1.52 million ETH, supported by prominent institutional investors. The company's stock is highly liquid, trading an average of $6.4 billion daily, and aims to acquire 5% of ETH, positioning itself as a major player in the crypto and financial markets.
BitMine has become the world's largest ETH treasury with over $4.96 billion in holdings, increasing by $2 billion in a week, supported by top institutional investors, and ranks as the 25th most liquid US stock with an average daily trading volume of $2.2 billion.
Economist Owen Lamont warns that August to October is historically a 'panic season' for markets due to low liquidity and the timing of harvests, which has been linked to past financial crises. He suggests that the tradition of summer vacations may contribute to market instability during this period, but also notes that remote work could mitigate these effects in the future.
Early Monday morning forex markets show the USD slightly stronger following weekend news of a shooting at a Trump rally, causing some initial market volatility. Market liquidity remains thin until more Asian markets open.
