BitMine (BMNR) Amasses 1.713M ETH as Crypto and Cash Holdings Surpass $8.82B

COINOTAG reported on August 25, citing PRNewswire, that US‑listed BitMine (BMNR) disclosed total cryptocurrency and cash holdings surpassed $8.82 billion as of 5:30pm ET on August 24. The company’s balance sheet lists 1,713,899 ETH (Bloomberg price: $4,808/ETH), 192 Bitcoin and $562 million in unrestricted cash. BitMine said it added 190,500 ETH over the prior week, representing a roughly $2.2 billion increase in crypto and cash, funded in part by institutional inflows. Management framed the accumulation as an active asset‑allocation decision; investors should assess liquidity, custody arrangements and market risk when reviewing the firm’s expanding crypto exposure.