BitMine raises reserves to 5.93M ETH, 4.9% of total supply
- —Reserves rose to 5,929,198 ETH — 4.9% of supply and 97% of the way to the 5% goal
- —About 171,000 ETH remain, or 6-7 weeks of accumulation at the current pace
- —5,067,309 ETH (85% of assets) are staked, yielding about 132,000 ETH per year
- —Tom Lee's group's total assets are valued at $15.7 billion
Why it matters: The largest ETH treasury company is approaching 5% of supply, and staking allows it to grow its position without diluting shareholders.
Source: Journal du Coin