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Bitmine Immersion Technologies said its asset base has climbed to roughly $11.5 billion, driven by an aggressive Ethereum (ETH) treasury strategy that is rapidly turning the company into one of the market's most concentrated corporate holders of the asset. In a disclosure dated July 20 UTC, the company reported combined holdings across cryptocurrencies, cash and marketable securities, and a portfolio of what it called ‘moonshot' investments.

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Arthur Hayes bought another 1,332.5 ETH ($2.53 million) today, according to on-chain tracking data shared on X. The purchase extends a buying streak from the BitMEX co-founder.

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Grayscale plans to amend its Ethereum Staking exchange-traded fund (ETHE) and Solana Staking ETF (GSOL) to convert staking rewards into cash and distribute them to shareholders at least once a quarter.

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Bitmine Immersion Technologies (NYSE American: BMNR) has further strengthened its position as the largest disclosed corporate holder of Ethereum (ETH) after adding 7,430 ETH during the past week.