🔥 Bitmine Nears Goal of Controlling 5% of Ethereum Supply With $11.8 Billion Treasury.
Image: Fundstrat/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitmine says it now holds 5.79 million ETH worth about $11.3 billion. The company's holdings now represent roughly 4.8% of Ethereum's circulating supply. Bitmine expanded its staking operations while accelerating share repurchases.
Crypto treasury firm BitMine Immersion Technologies said Sunday it has increased its Ethereum holdings to 5.79 million ETH, bringing its combined crypto holdings, cash, marketable securities, and strategic investments to $11.8 billion as it moves closer to its goal of acquiring 5% of Ethereum's total supply. According to the company, it now holds 5.8 million ETH, 208 Bitcoin, worth approximately $13.6 million, $268 million in cash and marketable securities, a $180 million stake in Mr Beasts Beast Industries, and a $61 million investment in Eightco Holdings. We increased our equity buyback as we view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign crypto prices are strengthening, Bitmine Chairman Tom Lee said in a statement.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#EthereumUpgrade #StakingYields #SECryptoRegulation
Image: Fundstrat/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitmine says it now holds 5.79 million ETH worth about $11.3 billion. The company's holdings now represent roughly 4.8% of Ethereum's circulating supply. Bitmine expanded its staking operations while accelerating share repurchases.
Crypto treasury firm BitMine Immersion Technologies said Sunday it has increased its Ethereum holdings to 5.79 million ETH, bringing its combined crypto holdings, cash, marketable securities, and strategic investments to $11.8 billion as it moves closer to its goal of acquiring 5% of Ethereum's total supply. According to the company, it now holds 5.8 million ETH, 208 Bitcoin, worth approximately $13.6 million, $268 million in cash and marketable securities, a $180 million stake in Mr Beasts Beast Industries, and a $61 million investment in Eightco Holdings. We increased our equity buyback as we view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign crypto prices are strengthening, Bitmine Chairman Tom Lee said in a statement.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#EthereumUpgrade #StakingYields #SECryptoRegulation