BitMine Increases Ethereum Holdings Amid Vitalik Buterin’s Sales
- BitMine purchased 51,162 ETH last week, raising its total to 4,422,659 ETH.
- The current value of BitMine’s ETH holdings is approximately $1,958 per token.
- BitMine’s total crypto and cash holdings amount to $9.6 billion, including $691 million in cash and a stake in Beast Industries worth $200 million.
- The company has staked 3,040,483 ETH, generating annualized staking revenue of $171 million.
- Ethereum co-founder Vitalik Buterin sold 1,869 ETH for about $3.7 million after a two-week pause in sales.
- Buterin still retains over 224,106 ETH, valued at approximately $430.85 million.
BitMine continues to enhance its treasury strategy during what it describes as a “mini crypto winter,” while Buterin’s recent sales coincide with fluctuations in Ether’s price.
With BitMine now holding over 4.42 million ETH, the firm remains the largest Ethereum treasury globally and second-largest overall in cryptocurrency assets.(Source)
