Another prominent company that has displayed stark interest in the second-largest digital asset is BitMine Immersion Technologies Inc. BitMine Immersion Technologies operates as a blockchain technology company, which implies that ETH is gaining a robust standing in the ever-evolving crypto world.
With this move, BitMine Immersion has now become one of the largest public companies to hold ETH and is ranked second among Ethereum treasuries. The company’s major aim in carrying out this purchase is to grow its ETH treasury via capital markets and staking. Bitmine’s approach is in line with general market patterns, which show that ETH-focused treasuries are growing in popularity on financial platforms.
