3.86M ETH and Counting — BitMine’s Progress Toward 5% of Ethereum Supply

Bitmine Immersion Technologies announced in its first annual earnings presentation since pivoting that it now holds 3.86 million ETH, making it the world's largest Ethereum holder, equivalent to roughly 3% of the circulating supply. Chairman Tom Lee stated that the company is targeting an ambitious goal of controlling at least 5% of the total ETH supply. Having shifted from Bitcoin mining to an Ethereum treasury strategy, BitMine is moving beyond simply holding assets. The company has invested in a custom staking solution expected to generate $1.3 million daily once fully operational, and plans to launch BitMine Labs, an Ethereum venture studio for "moonshot" investments.

(Source：CCN)