BitMine Tops $9B in Crypto Holdings, Fuels 1,000% Surge For EightCo Stock

by

Hold onto your hats, folks, because BitMine Immersion Technologies just dropped some jaw-dropping news. On September 8th, they proudly announced that their total cryptocurrency and cash holdings now exceed a whopping $9 billion. Yes, you read that right. Nine. Billion. With their Ethereum treasury skyrocketing past two million coins, valued at an average price of $4,312, you’d think they were the secret crypto overlords we never knew we needed. 😎

And if that wasn’t enough to make your brain spin, the company also boasts an additional 192 Bitcoin. No big deal, right? Well, those coins are valued at $112,326 each. Can you imagine the amount of coffee you could buy with that kind of cash? Just don’t ask how many years it would take to sip it all, because the answer’s probably “a lot.” ☕💸

On top of that, BitMine is holding an unencumbered cash reserve of $266 million. To put it bluntly, this company is rolling in it like Scrooge McDuck in his vault. And now they’re officially the top ETH treasury in the world, second only to Michael Saylor’s colossal crypto empire. But hey, no biggie. 😏

But wait! There’s more! In a stunning twist, BitMine also made a $20 million strategic investment into Eightco Holdings, picking up 13,698,630 shares at $1.46 apiece. This, they say, is just the beginning of their “Moonshot strategy,” which is designed to support “bold ideas” that will supposedly strengthen Ethereum’s vast ecosystem. Because when you’ve got billions in crypto, why not aim for the moon? 🚀🌙

Eightco Holdings Adopts Worldcoin as Primary Treasury Asset

Meanwhile, Eightco Holdings is having its own little crypto party. After raising a cool $250 million through a private placement (PIPE), Eightco’s stock surged over 1,000% in premarket trading on September 8th. So, you know, just a minor bump in the road for them. They also made the bold decision to adopt Worldcoin, the Sam Altman-led digital identification platform, as their primary treasury reserve asset. Because why not put all your eggs in one (albeit highly volatile) basket? 🥚💥

But here’s where it gets really interesting. Eightco, ever the thrill-seeker, tapped none other than Dan Ives, Wall Street’s financial whiz, to become their chairman. So if you’re wondering how this story ends, don’t expect it to be boring. 🤔

Meanwhile, Ethereum, the crypto that made all of this possible, seems to be facing some serious selling pressure. Futures data shows that sellers are outweighing buyers by $570 million. A casual shrug for Ethereum, though, as its price as of this article’s publication is sitting at a respectable $4,367, a 2% increase from last week. A bit like a heavy rainstorm that somehow still brings out a rainbow. 🌈

Ethereum maintains its weekly position after previously posting an ATH of $4,953 in August. Source: Refinitiv.

And in case you were wondering, Worldcoin-because we all need another cryptocurrency in our lives-is currently trading at $1.49, up a 39.06% month-over-month. Not bad for a digital asset that could one day save the world-or at least make you rich enough to buy a yacht. 🚢💰

Read More

2025-09-09 01:02