Wu learned that Bitmine Immersion Technologies announced that it added 27,084 ETH last week, bringing its holdings to 5,700,040 ETH as of June 28, accounting for 4.7% of Ethereum's total supply (approximately 120.7 million). The company's total holdings in crypto assets, cash, and marketable securities are approximately $9.8 billion, including approximately $555 million in cash and marketable securities, 4.88M staked ETH, and 206 BTC.

ETH2.97%
BTC1.12%
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HotspotChaser
· 1h ago
Institutional accumulation hasn't stopped, but how to balance staking yields with price volatility?
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GateUser-d2929483
· 7h ago
4.7% of the total ETH supply, this concentration of holdings is somewhat frightening.
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YieldYogi
· 7h ago
$555 million cash as a baseline, Bitmine's setup is meant to ride out the bull and bear markets.
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