$ETH treasury update: Bitmine now holds more than 6 million Ether 🏦
The company added another 10,452 Ether this week, bringing its total to 6,051,933 Ether plus 215 Bitcoin.
To put that in perspective, that's roughly 5% of all the Ether in existence held by one public company.
Why this matters:
• Ether held in a corporate treasury is effectively off the market
• Bitmine keeps buying even with Ether down about 4% on the week
• Treasury companies like this have become one of the steadiest sources of demand
The risk side: if treasury stocks trade below the value of their holdings, the buying can slow down or even reverse. That's worth watching.
Is corporate accumulation bullish for $ETH long term, or a risk if they ever sell? 👇
#Ethereum #Bitmine #CryptoNews
The company added another 10,452 Ether this week, bringing its total to 6,051,933 Ether plus 215 Bitcoin.
To put that in perspective, that's roughly 5% of all the Ether in existence held by one public company.
Why this matters:
• Ether held in a corporate treasury is effectively off the market
• Bitmine keeps buying even with Ether down about 4% on the week
• Treasury companies like this have become one of the steadiest sources of demand
The risk side: if treasury stocks trade below the value of their holdings, the buying can slow down or even reverse. That's worth watching.
Is corporate accumulation bullish for $ETH long term, or a risk if they ever sell? 👇
#Ethereum #Bitmine #CryptoNews