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BitMine increased its ETH holdings by 9,926 coins last week, bringing the total holdings to approximately 5.815 million coins.
BlockBeats News, August 17th: The largest Ethereum treasury company, BitMine, increased its ETH holdings by 9,926 coins last week, bringing the total holdings to approximately 5.815 million coins. The current holdings also include 210 BTC, ownership of Eightco Holdings worth $73 million, and equity in Beast Industries worth $180 million.
Currently, BitMine has staked 5,067,309 ETH, valued at around $9.6 billion.
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Compared to a strategy relying on debt and preferred stock financing, Bitmine's current financial structure has more cushioning capability thanks to equity issuance, cash reserves, and ETH staking rewards.
The ebb of the top three buyers, BitMine bears the brunt of ETH selling pressure alone. With a floating loss of 3 billion, it is the ultimate gamble about "buying the dip" and "catching the falling knife."
Since the end of June, BMNR's stock price has risen by over 1300%; meanwhile, ETH is approaching a new all-time high.
2025's Peter Thiel is no longer satisfied with being a passive hodler.
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24H Important News
2026-11-09
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