Exchanges· ★★★★· bullish·

Bitmine Nears 5% of All ETH as Strategy Hits 848,000 BTC

  • —Bitmine holds 6,016,414 ETH, or 4.9% of the 122.1 million supply
  • —5,067,309 ETH is staked, worth $13.8 billion, with $363 million in projected annual staking revenue
  • —Strategy bought 334 BTC for $28.7 million at an average price of $85,839
  • —Strategy repurchased $176.3 million of STRC shares and estimates a $20.91 billion Q3 digital asset gain
Why it matters: Corporate treasuries keep expanding their BTC and ETH positions, tightening the free float of both assets.
Source: Blockonomi