BitMine’s Ethereum purchases dip to 12,532 as it declares stacking complete.
- In the week to Oct 11, BitMine bought 12,532 Ethereum, raising its treasury to 6,028,946 ETH (4.9% of the 122.1 million ETH supply).
- The firm marked ETH at $2,544 per token; its crypto, cash and equity stakes total $16.2 billion, with cash and marketable securities at $612 million, down from $643 million a week earlier.
- BitMine reports 5,067,309 ETH staked (84% of its ether). Chairman Tom Lee projects $336 million annual revenue from the staked ether at a 2.61% seven‑day yield, rising to $400 million once all ether is staked.
- Lee said the company needs about 100,000 more ETH and is “done stacking” as a bull market starts; weekly updates note buying has occurred each week since June 30 2025 and now cite a management statement that purchases are largely finished.
What’s your take on BitMine’s pause on Ethereum buying – strategic timing or missed opportunity?
#Ethereum #Crypto #Staking #FinTech
- In the week to Oct 11, BitMine bought 12,532 Ethereum, raising its treasury to 6,028,946 ETH (4.9% of the 122.1 million ETH supply).
- The firm marked ETH at $2,544 per token; its crypto, cash and equity stakes total $16.2 billion, with cash and marketable securities at $612 million, down from $643 million a week earlier.
- BitMine reports 5,067,309 ETH staked (84% of its ether). Chairman Tom Lee projects $336 million annual revenue from the staked ether at a 2.61% seven‑day yield, rising to $400 million once all ether is staked.
- Lee said the company needs about 100,000 more ETH and is “done stacking” as a bull market starts; weekly updates note buying has occurred each week since June 30 2025 and now cite a management statement that purchases are largely finished.
What’s your take on BitMine’s pause on Ethereum buying – strategic timing or missed opportunity?
#Ethereum #Crypto #Staking #FinTech