US-based technology company BitMine bought thousands of Ethereum in the last week! Here are the details
US-based technology company BitMine continues to grow its crypto asset portfolio. The company’s total asset size, including crypto assets, cash, and high-potential investments it calls “moonshots,” has reached approximately $11.5 billion.
Ethereum constitutes the largest portion of the company’s portfolio. According to the statement, BitMine currently holds approximately 4.596 million ETH, which corresponds to about 3.81 percent of Ethereum’s total supply. The company also holds 196 Bitcoins and approximately $1.2 billion in cash in its portfolio.
BitMine added another 60,999 ETH to its portfolio in the past week. The company’s Ethereum accumulation didn’t stop there; it recently announced the purchase of an additional 5,000 ETH from the Ethereum Foundation.
The company also continues to utilize a significant portion of its Ethereum holdings through staking. According to data, BitMine currently has approximately 3.04 million ETH staked. Based on an estimated annual yield of approximately 2.81%, this staking activity is projected to generate around $180 million in annual revenue.
BitMine’s investment portfolio is not limited to crypto assets. The company also holds equity investments in projects such as Beast Industries and Eightco Holdings.
On the other hand, it was announced that the company plans to launch a new staking infrastructure called “MAVAN” in 2026. BitMine management states that this step will be an important part of its Ethereum-centric treasury strategy, which the company calls “5% alchemy”. Analysts say that this scale of ETH accumulation makes the company a significant player in the global Ethereum ecosystem.
*This is not investment advice.
Continue Reading: US-based technology company BitMine bought thousands of Ethereum in the last week! Here are the details
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