Bitmine just stacked another 126971 ETH over the past week 🖤 according to their latest numbers the firm now sits on $9.6 billion in crypto cash and moonshots including 5.54 million ETH at $1630 each 204 Bitcoin a $180 million Beast Industries slice an $88 million Eightco position plus $247 million chilling in cash.
Bitmine now controls 4.59% of the entire 120.7 million ETH supply while everyone else freaked out during the dip they kept buying more.
Bitmine Keeps Buying
Chairman Thomas ‘Tom’ Lee said the dip didn’t match stronger fundamentals and that better AI systems are about to crank demand for tough decentralized networks like Ethereum he’s still calling this the early “crypto spring” phase the update added “Bitmine is 92% of the way to the ‘Alchemy of 5%’ in just 11 months.”
They also revealed almost 4.72 million ETH worth around $7.7 billion is already staked so over 85% of their bag earns 2.99% over seven days with annualized yields looking at $230 million and possible $270 million at full scale. Last week they filed for a public offering of 3 million shares of 9.50% Series A Perpetual Preferred Stock the proceeds are aimed at scooping more ETH expanding their MAVAN staking setup plus general corporate moves the shares pay a 9.50% dividend on $100 face value with missed payments climbing up to 15% and they want them listed on the NYSE under “BMNP.”
Strategy’s Fresh Purchase
Bitmine stays one of the rare big treasury plays still loading up on crypto while others paused or started dumping as prices dropped they now hold the biggest Ethereum treasury and sit second globally behind Strategy. Strategy just grabbed another 1550 BTC for a little over $100 million at roughly $65332 average pushing their total to 845256 BTC bought at $75680 average they did sell a tiny slice of BTC for the first time since 2022 though.
Just another echo from the void by iconofsin.eth 💖
