US EditionLargest corporate holder of ether, Bitmine (BMNR) approved for share count increase
- Bitmine increased its shares outstanding from 4.3 million to 455 million in under a year, heavily diluting existing shareholders to fund purchases.
- Bitmine is aggressively building an Ethereum stake, targeting 5% of all ETH and currently holding 4.168 million tokens.
- Having moved rapidly to a large market cap, Bitmine announced a $200 million equity investment in Beast Industries, its second venture after Eightco Holdings, reaching a double-digit billion market cap.
- Existing shareholders face heavy dilution from the share increase, a risk investors should factor in, and the author disclosed no compensation or positions within the next 72 hours.
- The company's rapid expansion positions it as a consequential investor, with Bitmine making large equity deployments including $200 million to Beast Industries, raising its market relevance.
16 Articles
16 Articles
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.203 Million Tokens, and Total Crypto and Total Cash Holdings of $14.5 Billion - BlockTelegraph
Stockholders vote YES on all proposals, with 81% of the voting shares voting in favor of proposal #2 Bitmine staked ETH stands at 1,838,003 and MAVAN staking solution on track to launch Q1 2026 Bitmine now owns 3.48% of the ETH token supply, nearly 70% of the way to the ‘Alchemy of 5%’ in just 6 months Bitmine recently announced $200 million investment into Beast Industries Bitmine Crypto + Total Cash Holdings + “Moonshots” total $14.5 billion, …
BitMine’s Ethereum Holdings Near 3.5% Supply Milestone As ETH Falls Below $3,000
As the Ethereum (ETH) price retests a crucial support zone, BitMine revealed it has added another $110 million worth of ETH to its treasury holdings over the past week, approaching an important milestone for the company’s investment strategy. BitMine’s Ethereum Bet Continues On Tuesday, BitMine, a Bitcoin and Ethereum Network Company with a focus on accumulating crypto for long-term investment, announced its holdings had reached 4.2 million ETH …
BitMine Accelerates Accumulation of ETH As Tom Lee Issues Midterm Bearish Outlook - Invest In Crypto News
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) has accelerated its accumulation of Ethereum (ETH). The company acquired 35,628 ETH last week, valued at around $110 million at press time. The strategic acquisition increased its ETH holdings to 4,203,036 coins, valued at about $13 billion. As such, BitMine now holds 3.48% of the circulating supply of ETH. BitMine Shareholders Vote to Strengthen ETH Holdings According to the announcement, BitM…
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