Bitmine Stakes $13.8 Billion in ETH as Treasury Tops 6 Million Tokens
The company said it acquired 15,112 ETH last week and now reports 5,067,309 staked ETH, projecting $363 million in annualized staking revenue.
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Bitmine stakes $13.8 billion in ETH as treasury tops 6 million tokens
Bitmine Immersion Technologies has raised its Ethereum treasury to 6,016,414 ETH after buying another 15,112 tokens over the past week, leaving the company just short of its target to own 5% of Ethereum’s supply. According to Bitmine’s Oct. 5 holdings…
BitMine Immersion Technologies has again expanded its purchase of Ethereum, bringing corporate reserves above 6 million ETH. The company is now approaching the self-imposed goal of 5% of the entire offer of crypto. Key points BitMine has purchased 15.112 ETH in the last week. Total reserves now reach 6.016.414 ETH on October 4. [...]
Crypto Treasury Giants Keep Buying: Bitmine Nears 5% of All ETH as Strategy Hits 848,000 BTC
TLDR: Bitmine holds 6,016,414 ETH, about 4.9% of total supply, and now sits 99% of the way to its 5% ETH goal. Strategy bought 334 BTC at an average of $85,839 from October 1-4, lifting total holdings to 848,000 BTC. Bitmine has staked 5,067,309 ETH worth $13.8 billion and projects $363 million in yearly staking [...]
Bitmine reported that its holdings reached 6.02 million ETH, equivalent to about 4.9% of the supply, and that its crypto assets, cash, marketable securities and other investments total USD $17.4 billion. The company also reported more than 5 million ETH in stacking and presented its revenue projections, which depend on market conditions and the operation of its infrastructure.
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