🔥 ETH treasury makes another move! Bitmine holdings approach 5.9 million ETH

Another number worth paying attention to has appeared in the market 👀

Bitmine Immersion Technologies (BMNR), a U.S.-listed company, just released its latest update: as of August 30, the company’s ETH holdings have reached 5,901,112. In just one week, it added roughly 53,500 more ETH. That puts it very close to its long-term strategy target of “5% ETH.”

Viewed from another angle, this batch of ETH accounts for about 4.9% of the current total circulating supply on the network—an astonishing scale. 🚀

Even more noteworthy is that Bitmine has already staked more than 5,060,000 ETH. The company’s official estimate puts its current annualized staking yield at about $335 million. If the rest of its holdings are staked in the future, the potential earnings could continue to grow.

Besides ETH, the company also holds BTC, cash, and other strategic investments. Its overall asset size is now about $15.6 billion.

In recent remarks, Bitmine’s chairman, Tom Lee, has also repeatedly emphasized ETH’s potential for development in tokenization, AI, and blockchain finance applications.

A company that keeps buying and staking may not be looking only at coin prices, but at the imagination and prospects for the next phase of blockchain finance infrastructure. 🌎⚡

Over the next few years, do you think ETH will become an important core of the Wall Street rollout for on-chain finance?
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