BitMine nears end of Ethereum accumulation: 5.96M ETH worth $15.4B
- —BMNR trades near $25.58, almost double this year's low
- —The company holds 5.956 million ETH worth more than $15.4 billion
- —The goal is 5% of ETH's supply, with about 43,000 coins left to buy
- —Staking through MAVAN will yield about 162,000 ETH a year at a 2.7% rate
Why it matters: Completing accumulation and shifting to staking will reduce shareholder dilution and create cash flow, supporting crypto-treasury company stocks.
Source: Cryptonews.net