Bitmine’s Ether Holdings Reach 4.6M ETH, About 3.8% of Supply
Bitmine has significantly increased its Ether holdings to 4.6 million ETH, representing about 3.8% of the total supply, boosting its treasury.Summary
Bitmine Immersion Technologies has been rapidly acquiring Ether, recently purchasing 5,000 ETH directly from the Ethereum Foundation. This brings their total holdings to 4.596 million ETH, approximately 3.81% of the total supply, with combined crypto holdings, cash, and investments totaling $11.5 billion. Currently, 66% of Bitmine’s Ether holdings (3,040,515 ETH) are staked, generating an estimated $180 million in annual revenue, with plans to expand through the MAVAN network. The purchase from the Ethereum Foundation was structured to support the foundation's operations without impacting the open market. Bitmine’s stock price rose almost 14% following the announcement, while Strategy, a Bitcoin treasury, also made a substantial purchase of 22,337 BTC. Corporate treasuries collectively control over 5% of the Ether supply, with Bitmine leading recent accumulation efforts.
(Source：Cointelegraph)