BitMine Immersion Technologies reported a $13.2 billion total in crypto and cash holdings, including 3.8 million ETH and 193 bitcoins. After a slowdown in November, the company significantly increased its Ethereum purchases, now aiming for 5% of the total ETH supply.

BitMine Immersion Technologies has increased its Ethereum holdings to 566,776 ETH, valued at over $2 billion, becoming the largest publicly traded Ethereum treasury firm. This surge follows significant investments from prominent backers like Peter Thiel and Ark Invest, fueling a competitive race among crypto treasury firms for ether accumulation.