BitMine Immersion Technologies has significantly increased its Ethereum holdings, surpassing 2 million ETH valued at approximately $9 billion, making them the largest holder among ETH treasury firms. The firm holds 2,069,443 ETH, 192 Bitcoin (approximately $215 million), and $266 million in cash. Their recent $20 million investment in Eightco Holdings, an ecommerce company focused on digital assets and Worldcoin, resulted in a 3,000% surge in Eightco's stock price. BitMine's chairman, Tom Lee, emphasized the convergence of Wall Street's movement toward blockchain technology and advancements in AI as driving factors for Ethereum's growth. BitMine's ETH holdings represent more than 1.7% of the total ETH supply, placing them ahead of competitors like SharpLink Gaming, which holds $3.63 billion in Ethereum. Ethereum's price has seen modest growth, reported at $4,328, yet remains over 12% lower than recent highs.

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