BitMine Raises ETH Holdings by 96,798 Tokens, Total Crypto Assets Reach $12.1B

BitMine disclosed on December 1 that its combined cryptocurrency, cash, and strategic asset holdings totaled $12.1 billion as of 6:30 p.m. ET on November 30, according to a company announcement. The firm's portfolio includes 3,726,499 ETH, 192 BTC, $36 million in Eightco Holdings equity, and $882 million in unrestricted cash. The company raised its Ethereum position by 96,798 ETH over the prior week, a 39% rise in weekly acquisition volume, Chairman Tom Lee said. Lee cited upcoming catalysts including the Fusaka upgrade scheduled for December 3 and anticipated Federal Reserve actions such as quantitative tightening cessation and a potential rate cut on December 10.