BitMine Adds 15,112 ETH, Bringing Holdings to 6.02M
The treasury now represents about 4.9% of Ethereum’s supply, with more than 5.06M ETH staked and a stated 5% ownership target nearly met.
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The treasury now represents about 4.9% of Ethereum’s supply, with more than 5.06M ETH staked and a stated 5% ownership target nearly met.
A precautionary validator withdrawal has widened Ethereum’s exit queue, while the extent of the attacker’s access remains unresolved.
The reported diversion is small, but affected validators could miss staking income for weeks while they exit and re-enter Ethereum's staking system.
Only 1.91% of validators run 0x02 credentials, but they hold 32.43% of active stake, so a validator-layer setting change moves meaningful capital even though fork timing is still open.
BitMine's staking supplied nearly all quarterly revenue, but its Ethereum bet lost twice the $46M staking income and its treasury sat $8.2B below cost.
Geoffrey Kendrick frames a trivial bitcoin disposal as a turning point: with ETH-BTC only recording 23 larger upside days on BTC-down days since 2024, the ratio is set to climb from ~0.028 to 0.040…