Bitmine added another 8,573 $eth in the week through Nov. 1, lifting its treasury to about 4.9% of supply.
On Nov. 2, Bitmine Immersion Technologies said the weekly buy took holdings to 6,060,506 ETH — roughly 4.9% of the 122.2 million ETH supply and about 99% of its self-set 5% “Alchemy” goal. At a Nov. 1 Coinbase reference price of $2,261, the stack was valued near $13.7 billion. About 5,227,037 ETH (roughly 86%) is staked, with projected annualized staking revenue around $358 million at current yields, or about $415 million if fully staked.
Combined crypto, cash, and other investments totaled about $14.5 billion as of Nov. 1, including 216 BTC and roughly $498 million in cash. Chairman Tom Lee also noted the market’s relatively muted reaction after the recent Binance incident, citing Binance’s ability to cover customer losses and no DeFi cascade as constructive signs of industry resilience. Bitmine has bought ETH every week since June 30, 2025.
#Ethereum #Bitmine #Crypto
DYOR. Not financial advice.
On Nov. 2, Bitmine Immersion Technologies said the weekly buy took holdings to 6,060,506 ETH — roughly 4.9% of the 122.2 million ETH supply and about 99% of its self-set 5% “Alchemy” goal. At a Nov. 1 Coinbase reference price of $2,261, the stack was valued near $13.7 billion. About 5,227,037 ETH (roughly 86%) is staked, with projected annualized staking revenue around $358 million at current yields, or about $415 million if fully staked.
Combined crypto, cash, and other investments totaled about $14.5 billion as of Nov. 1, including 216 BTC and roughly $498 million in cash. Chairman Tom Lee also noted the market’s relatively muted reaction after the recent Binance incident, citing Binance’s ability to cover customer losses and no DeFi cascade as constructive signs of industry resilience. Bitmine has bought ETH every week since June 30, 2025.
#Ethereum #Bitmine #Crypto
DYOR. Not financial advice.
