Bitmine announced that it increased its holdings by 52,203 ETH over the past week. As of June 21, it holds 5,672,956 ETH, accounting for approximately 4.7% of the total ETH supply. It also holds 205 BTC, cash and tradable securities worth $601 million, etc. Its total crypto, cash, and other holdings amount to approximately $10.7 billion. Currently, 4,718,677 ETH are participating in staking, and based on the current scale, the estimated annual staking income is approximately $223 million.

ETH0.93%
BTC0.85%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • 1
  • Share
Comment
Add a comment
Add a comment
MevBreakRoom
· 5h ago
10.7B total holdings, 600 million in cash, leverage not considered aggressive
View OriginalReply0
SushiStopLoss
· 5h ago
5.6 million ETH staked, 83%, cash flow game played smartly
View OriginalReply0
RiskParachute
· 5h ago
Is Bitmine's token accumulation rhythm planning to become the central bank of ETH?
View OriginalReply0
SlippageSailor
· 5h ago
4.7% of the supply, this concentration is a bit frightening
View OriginalReply0
There'sABullMarketInTheGlass.
· 5h ago
Staking income of 223 million dollars, the annualized rate looks decent, but what about ETH price fluctuations?
View OriginalReply0
  • Pinned