WuBlockchain
BitMine acquired 8,573 ETH over the past week, bringing its holdings to 6,060,506 ETH, or about 4.9% of Ethereum’s supply. The company has 5,227,037 ETH staked.
Why it matters
BitMine’s reported position represents a substantial concentration of ETH in one company’s treasury. Its staked balance also places a large share of those holdings in Ethereum’s staking system.
Market impact
BitMine said its crypto, cash, marketable securities and other investments total about $14.5 billion, including $498 million in cash and marketable securities. The figures highlight the scale of its balance sheet and ETH exposure, without specifying any change to its staking plans.
Source: [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.06 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.5 Billion — Cision PR Newswire](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-06-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-14-5-billion-302926341.html)
Frequently asked questions
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How much ETH did BitMine acquire over the past week?
BitMine said it acquired 8,573 ETH over the past week.
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How much ETH does BitMine hold in total?
BitMine reported total holdings of 6,060,506 ETH.
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What share of Ethereum’s supply does BitMine hold?
The company said its holdings amount to about 4.9% of Ethereum’s supply.
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How much of BitMine’s ETH is staked?
BitMine reported that 5,227,037 ETH is staked.
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What is the reported value of BitMine’s crypto and other investments?
BitMine said its crypto, cash, marketable securities and other investments total about $14.5 billion, including $498 million in cash and marketable securities.
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