[Wu Blockchain News] BitMine adds 8,573 ETH, holdings reach 6.06M ETH BitMine said it acquired 8,573...
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
BitMine acquired 8,573 ETH over the past week, lifting its total holdings to 6,060,506 ETH, or roughly 4.9% of Ethereum's supply. The company said 5,227,037 ETH of that total is staked, while its combined crypto, cash, marketable securities and other investments stand at about $14.5 billion, including $498 million in cash and marketable securities. The purchase reinforces BitMine's position as one of the largest corporate holders of ETH and adds to the growing pool of staked ether. Watch for further weekly accumulation disclosures and changes in the company's staking ratio as it approaches 5% of Ethereum's supply.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
BitMine, ETH (ETH)
A linked name opens that asset's sentiment page.