Bitmine Expands Ethereum Holdings to $14.8 Billion
- Bitmine’s Ethereum holdings have reached approximately $14.79 billion, totaling nearly 5.93 million ETH.
- The company has staked around 85% of its ETH, generating an estimated annual revenue of $330 million from staking.
- Bitmine’s holdings represent about 4.9% of the total estimated Ethereum supply.
- In addition to Ethereum, Bitmine holds approximately $593 million in cash and marketable securities and owns about 211 Bitcoin.
Bitmine’s aggressive strategy has made it one of the largest public-market holders of Ethereum, with significant implications for its liquidity and staking revenue potential. The company’s substantial stake in Ethereum highlights its confidence in the cryptocurrency’s future performance and potential institutional demand increase.
