BitMine increased its holdings by 26,497 ETH last week, bringing the total holdings to 5,416,901 ETH, accounting for approximately 4.49% of the total Ethereum supply. The company's total crypto assets, cash, and other investments are valued at about $11.6 billion, including approximately $10.85 billion worth of ETH and $446 million in cash. BitMine stated that currently, 4,718,677 ETH have been staked, accounting for over 87% of the total holdings, with an estimated annualized staking income of about $258 million based on current yields. Tom Lee said that the current ETH price has not yet reflected the ongoing improvement in Ethereum's fundamentals, and the company expects to achieve a goal of holding 5% of the total ETH supply by 2026.

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PatchNotes
· 10h ago
Annualized $258 million staking income, guaranteed profit
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SudoSage
· 10h ago
Staking yields are way more attractive than traditional finance, no wonder people are selling everything to buy it.
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MintLaterMaybe
· 10h ago
Institutions FOMO in, retail investors are still waiting for a pullback
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YieldBonsai
· 10h ago
11.6 billion in holdings, ETH accounts for 93%, this concentration is a bit outrageous
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ThinkForThreeSecondsBefore
· 10h ago
Tom Lee is “painting a pie” for 2026—going at it for a 5% rise. Believe him, or believe me, the Qin Shi Huang?
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SushiLatency
· 10h ago
4.49% of the supply is in hand, is this to control the market?
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ApeWithHomework
· 10h ago
BitMine's move is quickly becoming the shadow central bank of ETH.
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