Bitmine just scooped up another 8573 ETH for the treasury and now sits pretty with over 6.06 million tokens total, getting dangerously close to that 5% supply goal 🖤.
Chairman Tom Lee is all in on the bull market staying alive even after that Binance hack drama, saying the chill reaction proves the momentum never dipped fr.
Bitmine Keeps Loading ETH Bags 👀
The fresh update drops that Bitmine holds 6060506 ETH as of November 1, priced at 2261 dollars each via Coinbase. They also sit on 216 BTC plus nearly 500 million in cash and securities, a 180 million stake in Beast Industries, and 82 million in Eightco for a fat 14.5 billion dollar total position ✨.
They grabbed those extra 8573 ETH on top of the June 30 2025 strategy, tho the buying pace has slowed a bit lately. Last week saw around 10500 tokens added which was already smaller than the summer hauls of 50000 plus, and this round feels even tinier but still stacks up 🌙.
Staking Brings In Serious Revenue 🔥
Over 5227000 ETH gets staked rn, hitting 86% of the hoard and likely printing 358 million dollars in yearly rewards. Push the whole bag in and it could climb to 415 million at current yields 💀.
Market Feels Stronger Than Ever 🕸️
Lee points out ETH only dipped about 4% after the 6.3 billion Binance hack, way milder than the 8% instant drop and 20% weekly slide after the Bybit hit earlier this year even tho this exploit was over four times bigger. He credits Binance covering losses quick, no DeFi dominoes, fast freezes, FBI pinning it on North Korea, and the whole thing hitting corporate setup not the chain itself 🦇.
All that limited downside screams the crypto bull run is still rolling despite recent dips, period.
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Just another echo from the void by iconofsin.eth 💖
