BITMINE ACQUIRES AN ADDITIONAL 40,302 ETH, INCREASES TOTAL ETHEREUM HOLDINGS TO 4.24 MILLION ETH, VALUED AT OVER 12 BILLION USD.
- BitMine is currently holding over 4.24 million ETH, equivalent to approximately 3.5% of the total Ethereum supply, after acquiring an additional 40,302 ETH since January 20. According to the company's announcement, the total amount of Ethereum reached 4,243,338 ETH, valued at approximately 12.3 billion USD at current prices. The most recent purchase alone is valued at around 117 million USD.
- Thanks to this move, BitMine's total crypto and cash assets have increased to 12.8 billion USD, including 193 BTC (~17 million USD), 682 million USD in cash, and 200 million USD in minority investment in Beast Industries. BitMine is now the public company with the largest Ethereum reserve in the market.
- Staking is becoming the strategic focus of the company. BitMine has staked over 2 million ETH, equivalent to nearly half of its holdings, helping create a stable cash flow on-chain. With a staking yield of approximately 2.81%, annual revenue is estimated to reach 164 million USD. The company also plans to deploy validator infrastructure in the U.S. by 2026.
BitMine's push for accumulating and staking ETH reflects the broader trend among crypto businesses, as Ethereum is increasingly seen as a long-term treasury asset, rather than merely serving short-term trading needs.
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