BitMine: Holding ETH and ETH equivalents exceeding $1 billion

According to Foresight News, BitMine announced that its holdings of ETH and ETH equivalents have exceeded $1 billion. The company completed its first private placement of $250 million on July 8th to further advance its light asset capital strategy. As of 3:45 am Eastern Time on July 17th, the company holds a total of 300657 ETH at a price of $3461.89 per coin.