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The publicly listed company holding the most Ethereum globally Bitmine Immersion (stock code: BMNR) stated that last week it further increased its holdings by 35,268 Ethereum with a total holding amount officially surpassing 4.2 million.
According to the statement, as of January 30 Bitmine holds a total of 4,203,036 Ethereum valued at approximately 12.8 billion USD, accounting for 3.5% of the total circulating supply of Ethereum.
In addition to Ethereum, Bitmine also holds 193 Bitcoins, valued at 22 million USD in Eightco equity and 979 million USD in cash, with a total asset scale of about 14.5 billion USD.
On the other hand, Bitmine has currently staked 1.83 million Ethereum, increasing by 580,000 from the previous week, accounting for approximately 43% of the total holdings. Chairman Tom Lee stated that Bitmine is the global entity with the most staked Ethereum, and once fully deployed it is expected to generate over 370 million USD in staking rewards annually.
Bitmine also disclosed that at the shareholder meeting on January 15, the proposal regarding "increasing authorized shares" was passed with 81% of the votes, meaning that Bitmine will have more ammunition to continue buying coins.
Tom Lee revealed that the company's ultimate goal is to acquire 5% of the total supply of Ethereum (approximately 6 million Ethereum). He emphasized that the company will adhere to the principle of "not below the net asset value (NAV)" when issuing new shares to ensure that the interests of existing shareholders are not diluted.
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