📢 BitMine increased its ETH holdings by 42,197 last week, bringing its total holdings to 5,742,237 ETH
On July 6, the giant BitMine massively added more than 42,000 ETH last week, taking its total holdings to 5.74 million ETH, controlling 4.8% of the global supply. Its total asset value is currently about $11.1 billion, with 85% of its projects already in staking. It earns $235 million in interest every year. The holding structure shows it is fully betting on the Ethereum ecosystem. (😏 slight positive)
Impact analysis: The giant continues to accumulate and stake at a high proportion, directly locking up a large amount of market liquidity and significantly reducing potential sell pressure. This “only in, never out” hoarding behavior strengthens support at the market bottom and boosts long-term holders’ confidence.
Potential investment opportunities: Keep an eye on the Ethereum staking sector and related liquid restaking projects. The giant’s endorsement could help drive a valuation rebound in this segment. $ETH
On July 6, the giant BitMine massively added more than 42,000 ETH last week, taking its total holdings to 5.74 million ETH, controlling 4.8% of the global supply. Its total asset value is currently about $11.1 billion, with 85% of its projects already in staking. It earns $235 million in interest every year. The holding structure shows it is fully betting on the Ethereum ecosystem. (😏 slight positive)
Impact analysis: The giant continues to accumulate and stake at a high proportion, directly locking up a large amount of market liquidity and significantly reducing potential sell pressure. This “only in, never out” hoarding behavior strengthens support at the market bottom and boosts long-term holders’ confidence.
Potential investment opportunities: Keep an eye on the Ethereum staking sector and related liquid restaking projects. The giant’s endorsement could help drive a valuation rebound in this segment. $ETH