Bitmine Expands Ethereum Holdings to Over $10 Billion
- Bitmine now holds 5,416,901 ETH worth $10.85 billion, representing 4.49% of Ethereum’s circulating supply.
- The company aims to achieve a target of owning approximately 6 million ETH, or “Alchemy of 5%”, by the year 2026.
- 87% of Bitmine’s holdings are staked via its MAVAN platform, generating an annualized yield of 2.73% with projected staking revenue of $258 million.
- The company’s total portfolio is valued at $11.6 billion, including holdings in Bitcoin and stakes in various industries.
- Bitmine is supported by major institutional investors such as Ark Invest and Galaxy Digital.
Bitmine’s strategy focuses on maximizing staking yields while gradually increasing its Ethereum holdings to reach the “Alchemy of 5%“. This approach is designed to leverage both price appreciation and staking revenue as a buffer against market volatility.
With a substantial portion of its portfolio in Ethereum, Bitmine positions itself as a leading public treasury for the cryptocurrency, aligning with Wall Street trends favoring blockchain-based solutions.(Source)
