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The week’s price surge pushed the value of corporate ETH holdings sharply higher.
Last Monday, BitMine bought 208,137 ETH, putting its holdings at 833,100 ETH. At the time, the assets were worth about $2.9 billion as ETH hovered around $3,700.
With ETH trading at around $4,300, BitMine’s holdings are now worth over $3.58 billion, making it the first company to hold more than $3 billion in ETH.
On Tuesday, digital asset investment firm SharpLink boosted its holdings to 521,900 ETH after an 83,562 ETH purchase.