Bitmine holds 5.95 million ETH and stakes 85% of reserves for $334 million a year
- —Bitmine's reserves reached 5.95 million ETH — 4.9% of total issuance
- —85% of the ETH portfolio is staked
- —Projected passive rewards are about $334 million a year
- —The company's total treasury is valued at $15.8 billion
Why it matters: The largest institutional staking position reduces ETH's free supply and increases pressure on network decentralization.
Source: Bit2Me News