Every Zipp story tagged #TreasuryAccumulation, newest first.
The treasury now holds about 4.8% of all ETH ever minted, and 85% of those coins are already staked. BitMine is 96% of the way to its '5% Alchemy' target in just 12 months.
The buy follows BitMine's pivot to an ETH-focused treasury strategy, with Lee's fund joining a growing list of public-company vehicles accumulating Ether at scale.
The margin number is the substance: at $94K-ish BTC, a 52% gross margin on self-mining puts American Bitcoin near the top of the public-miner cohort and reframes the treasury-accumulation story as a…
MicroStrategy's executive chairman posted a fresh 'Digital Energy' hint, the same framing that has preceded several prior BTC adds since Strategy became the largest corporate holder.
The $170M lift cements Metaplanet as the world's third-largest public BTC holder, behind only Strategy and Twenty One, while a $10.85M quarterly income-generation print proves the options-funded…
The treasury bring total holdings to 5.67M ETH, and Lee is framing the next leg of the cycle as the strongest one yet.
Bitmine's $10B ETH stack is sitting on over $9.5B in unrealized losses at an average cost basis near $3,440, and the treasury keeps adding to a position that is roughly 4.7% of all ETH in circulation.
A single corporate treasury now holds close to 5% of all circulating Ether — a concentration ratio that would have sounded absurd 12 months ago and that compresses float for everyone else.
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