BitMine adds 15,112 ETH, raising its treasury to 6.02 million tokens.
- Holding now 6,016,414 ETH, equal to 4.9 % of the 122.1 million ETH supply, just below the 5 % target.
- Valued at $2,726 per ETH, total assets are $17.4 billion, comprising 214 Bitcoin, a $180 million stake in Beast Industries, $117 million in Eightco Holdings (ORBS) and $643 million in cash and marketable securities.
- Shares fell 3 % while ETH fell 10 %; BitMine bought back 21 million shares this year (20.8 million since July 1) and pays a 1.5 % fee on staking rewards for 5,067,309 ETH (84 % of its Ether).
Given BitMine’s recent ETH buyback and equity repurchases, should crypto treasuries prioritize token accumulation over share buybacks?
#Ethereum #CryptoTreasury #Staking #ShareBuyback #FinTech
- Holding now 6,016,414 ETH, equal to 4.9 % of the 122.1 million ETH supply, just below the 5 % target.
- Valued at $2,726 per ETH, total assets are $17.4 billion, comprising 214 Bitcoin, a $180 million stake in Beast Industries, $117 million in Eightco Holdings (ORBS) and $643 million in cash and marketable securities.
- Shares fell 3 % while ETH fell 10 %; BitMine bought back 21 million shares this year (20.8 million since July 1) and pays a 1.5 % fee on staking rewards for 5,067,309 ETH (84 % of its Ether).
Given BitMine’s recent ETH buyback and equity repurchases, should crypto treasuries prioritize token accumulation over share buybacks?
#Ethereum #CryptoTreasury #Staking #ShareBuyback #FinTech
