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BitMine reports $14B in total assets; acquires 24,266 Ethereum, adds $73M cash

BitMine said its combined crypto assets, cash and "Potential Projects" investments reached $14 billion on Jan. 12, BlockBeats reports. As of 7 p.m. Eastern Time on Jan. 11, the company held 4,167,768 Ethereum and 193 Bitcoin, maintained $988 million in cash, and recorded a $23 million investment in Eightco Holdings (Nasdaq: ORBS); its Ethereum position represents 3.45% of current supply. Chairman Thomas "Tom" Lee said stablecoin adoption and asset tokenization are pushing blockchain toward becoming Wall Street's settlement layer, with Ethereum especially benefiting, and characterized the period after Oct. 10, 2025 as a 'mini crypto winter' ahead of price recovery in 2026 and stronger growth in 2027–2028. The company increased its cash position by $73 million over the past week and bought 24,266 Ethereum, selectively issues stock above adjusted NAV, and will become the largest staking service provider when MAVAN begins commercial operations.
ORBS
ORBS+5.10%
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