Last week, BitMine increased its holdings by 9,587 $ETH , bringing its position to 6,070,092, or 4.97% of total supply; the company said it has completed about 99% of its 5% target.
After reaching that line, the role changes. Right now it is still a marginal buyer of ETH spot; after buying enough, its main move is staking to earn yield: 5,227,037 have been staked, accounting for 86% of holdings. The company estimates annualized income at about $309 million, and about $359 million if everything is staked. Of its $14.3 billion in total assets, cash and marketable securities are $475 million.
Tom Lee cites Vitalik’s remarks at Devcon 8 that ETH is a store of value and a form of money to support this logic, but the statement does not change the holdings numbers. What to watch is whether it keeps buying after reaching 5%: if it stops, ETH spot loses one fixed weekly buyer.
#以太坊 #BitMine #staking
After reaching that line, the role changes. Right now it is still a marginal buyer of ETH spot; after buying enough, its main move is staking to earn yield: 5,227,037 have been staked, accounting for 86% of holdings. The company estimates annualized income at about $309 million, and about $359 million if everything is staked. Of its $14.3 billion in total assets, cash and marketable securities are $475 million.
Tom Lee cites Vitalik’s remarks at Devcon 8 that ETH is a store of value and a form of money to support this logic, but the statement does not change the holdings numbers. What to watch is whether it keeps buying after reaching 5%: if it stops, ETH spot loses one fixed weekly buyer.
#以太坊 #BitMine #staking