BitMine ($BMNR) bought another 27,562 ETH last week, lifting holdings to 5.98M $ETH worth about $16.1B, or 4.9% of supply.
Chairman Tom Lee (@fundstrat) says the crypto bull market is “underway” and expects institutions to boost exposure in Q4.
BITMINE SNAPSHOT
5,956,378 ETH $14.49B
4.9% of supply
5,067,309 ETH staked $12.32B
$549M cash
About 144,000 ETH from the 5% target
The 5% milestone is almost here.
The question is what they do with the stack, the cash, and the multiple?
$BMNR $ETH
BITMINE TRADED MORE DOLLAR VOLUME THAN 97% OF US STOCKS
Its average daily dollar volume reached $698M over five days through July 31, ranking $BMNR #180# among 5,704 U.S.-listed stocks.
It sat between Schlumberger and Marsh McLennan.
BITMINE NOW CONTROLS $14.2 BILLION OF ETH
BitMine officially reported 5,847,611 ETH on Aug. 24.
Revalued at $2,435 ETH today:
🔹 ETH treasury: $14.24B
🔹 Share of ETH supply: 4.8%
🔹 Staked: 5,067,309 ETH worth $12.33B
That leaves BitMine roughly 187,000 ETH from its 5% target: 1 in every 20 ETH in existence.
$BMNR $ETH
BitMine and Strategy have all the chances to create the largest market crash in the history of crypto
Fingers crossed that it won’t happen, but if it did, what’s your strategy for BTC crash to 10-20k$?
Bitmine published the latest Chairman’s message for May
- many important topics covered including
- $ETH as both diversification and hedge for a portfolio
- $ETH in an AI and tokenized world
Give it a watch 👀