[Chain Text] Nasdaq-listed company BitMine has recently disclosed an astonishing set of data - they hold over 3% of the total supply of ETH.
Specifically, this Ethereum treasury company currently manages a total asset portfolio valued at 12.1 billion USD. The core holding is approximately 3.73 million ETH, and they also have 192 BTC allocated as a supplement. Notably, they have 882 million USD in uncollateralized cash on hand, which can be mobilized at any time.
In terms of asset allocation, in addition to mainstream cryptocurrencies, BitMine also holds a stake in Eightco Holdings worth $36 million, which serves as an anchor point in the traditional equity market.
This position size is indeed not to be underestimated within the entire Ethereum ecosystem, after all, it is rare to find institutions that can individually capture 3% of the supply.
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MrRightClick
· 12-01 16:37
Damn, a $12.1 billion asset package, how many retail investors' blood does it take to pile this up?
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YieldHunter
· 12-01 14:14
ngl if you look at the data... 3.7m eth is actually just one massive liquidation away from cascading everything. sustainable returns my ass lol
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PuzzledScholar
· 12-01 14:13
Wow, 3% of the ETH supply? How much is that, directly becoming a major player in the Ethereum ecosystem.
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ContractCollector
· 12-01 14:13
3.73 million ETH... This is quite a bold move, institutions are really accumulating silently.
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AirdropJunkie
· 12-01 13:56
Oh my, 3.73 million ETH, how long do I have to hold this before it releases?
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rekt_but_not_broke
· 12-01 13:56
3.73 million ETH? This scale directly makes it a decision-maker in Ethereum, no wonder institutions are building positions so aggressively now.
The Nasdaq-listed company BitMine holds over 3% of the ETH supply, with total assets reaching 12.1 billion USD.
[Chain Text] Nasdaq-listed company BitMine has recently disclosed an astonishing set of data - they hold over 3% of the total supply of ETH.
Specifically, this Ethereum treasury company currently manages a total asset portfolio valued at 12.1 billion USD. The core holding is approximately 3.73 million ETH, and they also have 192 BTC allocated as a supplement. Notably, they have 882 million USD in uncollateralized cash on hand, which can be mobilized at any time.
In terms of asset allocation, in addition to mainstream cryptocurrencies, BitMine also holds a stake in Eightco Holdings worth $36 million, which serves as an anchor point in the traditional equity market.
This position size is indeed not to be underestimated within the entire Ethereum ecosystem, after all, it is rare to find institutions that can individually capture 3% of the supply.