Bitmine Immersion Technologies increased its Ethereum holdings to 6.03M ETH, nearing its 5% supply target 📈
Its $15.3B ETH treasury represents 4.9% of Ethereum's circulating supply 💰
The company has staked 5.07M ETH, around 84% of its holdings, worth $12.9B 🔒
Staking could generate $336M in annual revenue, potentially rising to $400M when all ETH is staked 💵
Bitmine also holds 214 BTC, investments in Beast Industries and Eightco, plus $612M in cash and securities.
Its total crypto, cash and other investments reached $16.2B, while chairman Tom Lee expects a crypto bull market 🚀
Lee believes long-term treasury holdings could support crypto prices by reducing available market supply, with ETH purchases expected to stop at 5%.
Today's Pill - corporate crypto treasuries are becoming major market players, combining large-scale accumulation with staking income and potential supply reduction 🔄
Its $15.3B ETH treasury represents 4.9% of Ethereum's circulating supply 💰
The company has staked 5.07M ETH, around 84% of its holdings, worth $12.9B 🔒
Staking could generate $336M in annual revenue, potentially rising to $400M when all ETH is staked 💵
Bitmine also holds 214 BTC, investments in Beast Industries and Eightco, plus $612M in cash and securities.
Its total crypto, cash and other investments reached $16.2B, while chairman Tom Lee expects a crypto bull market 🚀
Lee believes long-term treasury holdings could support crypto prices by reducing available market supply, with ETH purchases expected to stop at 5%.
Today's Pill - corporate crypto treasuries are becoming major market players, combining large-scale accumulation with staking income and potential supply reduction 🔄