Gate News, March 16 — Bitmine announced that its total crypto assets, including cash and “Moonshot Plan” holdings, have reached a total value of $11.5 billion. As of 7:00 PM Eastern Time on March 15, the company held 4,595,562 ETH, 196 BTC, a $200 million investment in Beast Industries, an $83 million investment in Eightco Holdings (NASDAQ: ORBS), and $1.2 billion in cash. Its ETH holdings account for 3.81% of the total ETH supply (120.7 million).
Over the past week, Bitmine implemented two strategic initiatives. First, it added an $80 million investment in Eightco (stock code: ORBS). ORBS has acquired a $50 million stake in OpenAI and a $25 million stake in Beast Industries. Bitmine CEO Lee stated that ORBS is the only publicly listed stock allowing investors direct access to OpenAI, which is expected to go public in 2026. He noted that there are synergies between World Chain (Human Proof), OpenAI, and Mr. Beast, and that ARK’s role as Eightco’s strategic advisor further enhances ORBS’s appeal.
Second, Bitmine purchased 5,000 ETH from the Ethereum Foundation to fund core operations. Lee said this move aims to support the Ethereum Foundation’s goals and operations, allowing it to raise funds without selling ETH on the open market.
Lee pointed out that over the past two weeks, Bitmine slightly accelerated its ETH purchasing pace, acquiring 60,999 ETH in the past week, compared to an average weekly purchase of 45,000 to 50,000 ETH previously.
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