BitMine increased its ETH holdings by 203,826 coins last week, bringing its total holdings to 3.24 million ETH, representing 2.7% of the total ETH supply.

On October 20th, according to official information, BitMine Immersion Technologies announced today that the total assets under its management, including cryptocurrencies, cash, and "moonshot investments," have reached $13.4 billion. As of 6:30 PM Eastern Time on October 19th, the company's cryptocurrency holdings are as follows: 3,236,014 ETH, 192 BTC, $119 million in Eightco Holdings (NASDAQ: ORBS) equity, and $219 million in unrestricted cash. Tom Lee, the chairman of BitMine and an analyst at Fundstrat, said, "Last week, the crypto market witnessed the largest deleveraging event in history, which put pressure on the ETH price. The open interest for ETH has now dropped to the levels seen on June 30th of this year (when ETH was at $2,500). Given the expected supercycle for Ethereum, the current price dislocation presents an attractive risk-reward ratio. We increased our ETH holdings by 203,826 ETH in the past week, bringing the total holdings to 3.24 million, accounting for 2.7% of the total ETH supply."