Odaily Planet Daily reports that BitMine, Ethereum’s treasury company, stated its ETH holdings have reached 5.78 million, accounting for approximately 4.8% of Ethereum’s circulating supply, nearing its target of accumulating 5% of all ETH. Over the past week, the company added 7,430 ETH. BitMine noted that its total value of crypto assets, cash, and marketable securities amounts to $11.5 billion, including 207 bitcoins and $385 million in cash and securities. Approximately 4.9 million ETH are staked through its validator network and partners, representing about 85% of its treasury. Additionally, over the past week, BitMine repurchased 5.5 million shares under its previously authorized $4 billion share repurchase program. Earlier this month, BitMine announced that its institutional staking platform, MAVAN, generated $45.7 million in staking and validation revenue for the three months ended May 31, accounting for 98% of the company’s total revenue.
BitMine's ETH holdings reach 5.78M, total assets hit $11.5B
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Summary
BitMine’s ETH holdings now total 5.78 million, or 4.8% of the circulating supply, with 7,430 ETH added over the past week. Total assets, including crypto, cash, and securities, reached $11.5 billion, positioning the firm among the major holders of risk-on assets. Approximately 4.9 million ETH is staked through validator networks, accounting for 85% of its holdings. The company also repurchased 5.5 million shares under its $4 billion buyback program, in alignment with its CFT compliance framework.
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