Is the ETH held by Bitmine getting close to 5% of the total supply?
Bitmine issued a press release on November 9: As of November 8, the company held 6,070,092 ETH, or about 4.97% based on its own estimate of a total supply of 122.2 million. It bought another 9,587 ETH last week, and says it has been buying every week since the end of June 2025.
Another figure is worth noting: 5,227,037 ETH has already been staked, which the press release says is about 86% of its holdings.
When a publicly traded company accumulates crypto, there are roughly three things to consider:
1. It uses company cash and financing to buy crypto and hold it long term;
2. It stakes the crypto to earn rewards—the press release gives a staking yield of 2.65% over the past seven days;
3. Shareholders buy stock in the company, taking on both crypto price risk and business risk.
A few things to think through for yourself:
- The 4.97% figure is calculated by the company using its own chosen methodology, not based on third-party on-chain data;
- Staking rewards are an annualized estimate based on the current yield, which can change. There are also risks such as slashing and validator outages, both of which are mentioned in the press release's own risk disclosures;
- The more a company holds, the more closely the market will watch how it finances its purchases and whether it might sell.
The fact that someone is buying consistently doesn't mean prices can only go up. Understanding where the money comes from and what the crypto is being used for is more useful than paying attention to slogans.
#以太坊 #Bitmine #质押 $ETH
Bitmine issued a press release on November 9: As of November 8, the company held 6,070,092 ETH, or about 4.97% based on its own estimate of a total supply of 122.2 million. It bought another 9,587 ETH last week, and says it has been buying every week since the end of June 2025.
Another figure is worth noting: 5,227,037 ETH has already been staked, which the press release says is about 86% of its holdings.
When a publicly traded company accumulates crypto, there are roughly three things to consider:
1. It uses company cash and financing to buy crypto and hold it long term;
2. It stakes the crypto to earn rewards—the press release gives a staking yield of 2.65% over the past seven days;
3. Shareholders buy stock in the company, taking on both crypto price risk and business risk.
A few things to think through for yourself:
- The 4.97% figure is calculated by the company using its own chosen methodology, not based on third-party on-chain data;
- Staking rewards are an annualized estimate based on the current yield, which can change. There are also risks such as slashing and validator outages, both of which are mentioned in the press release's own risk disclosures;
- The more a company holds, the more closely the market will watch how it finances its purchases and whether it might sell.
The fact that someone is buying consistently doesn't mean prices can only go up. Understanding where the money comes from and what the crypto is being used for is more useful than paying attention to slogans.
#以太坊 #Bitmine #质押 $ETH
