Crypto HeadlinesBitMine Accumulates 6 Million ETH Worth $14.26 Billion
BitMine Immersion Technologies (BMNR) continues its large-scale accumulation of Ethereum. According to the press release, the corporate balance sheet has reached 6.05 million tokens.
The total value of the company's crypto assets and cash is estimated at $15 billion. This indicates a serious portfolio diversification strategy favoring digital assets.
Key holdings metrics include the following data:
- ETH Holdings: 6,051,933 coins worth approximately $14.26 billion
- Share of total supply: approximately 4.95% of all Ethereum issuance
- Staked assets: 5,227,037 ETH, representing 86% of the balance
- Estimated annual staking income: $318 million
One of BitMine's founders, Tom Lee, expressed confidence in the start of a bull cycle in the cryptocurrency market. As an argument, he compares the relatively small correction in ETH price with the volatility of technology stocks.
Earlier, Tom Lee stated that the company would stop buying Ethereum after reaching a 5% share of the total network supply. Current accumulation volumes allow the business to claim a significant market share.
