BitMine says its Ethereum treasury tops 6.06 million ETH
BROBROK News · Based on reporting by DiarioBitcoin ·
BitMine said it bought another 8,573 ETH, lifting its reported holdings to 6,060,506 ETH. The company also said more than 5.2 million ETH are staked and outlined higher annual staking revenue if the full position is delegated.
Key points
- BitMine says it holds 6,060,506 ETH, equal to 4.9% of its estimated Ethereum supply.
- The company said it added 8,573 ETH in the week before the announcement.
- It reported 5,227,037 ETH in staking and projected up to $415 million a year if the full stack is delegated.
- BitMine valued its combined crypto assets, cash, marketable securities and investments at $14.5 billion.
- The announcement also referenced BTC holdings and its MAVAN staking platform.
Why it matters
BitMine’s update highlights how large public companies are building highly concentrated ETH treasuries and using staking to support the strategy. It also shows growing overlap between corporate balance sheets and network participation.
Original headline: “BitMine compra 8.573 ETH elevando su tesoro de Ethereum sobre los 6,06 millones”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.