
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
More on this
Exchanges · Sep 29Daily digest: Binance adds 5 stocks, Strategy and Bitmine expand crypto treasuries
Exchanges · Sep 28Strategy buys another 1,665 BTC, Bitmine tops 6M ETH, DeFi Dev Corp reaches 2.54M SOL
Exchanges · Sep 28Strategy's bitcoin holdings show $6.73B gain, Bitmine sits on $3.93B ether loss