Bitmine is currently the largest corporate ETH holder and the second largest crypto treasury firm, only behind Strategy.
BitMine says its ETH holdings have reached 2.83 million and $13.4 billion in crypto+cash, as corporate holders continue buying in "Uptober."
BitMine's Lee said he saw the possibility that Ethereum was entering a "super cycle" that would last 10 to 15 years.
BitMine Immersion grew its ether holdings to 1.71 million ETH, with a balance sheet of over $8.82 billion as companies capture over 2% of Ethereum's supply.