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Bitmine Expands Ethereum Treasury to $11 Billion as Staking Nears 5% Cap

The Block Read original source (opens in a new tab)
The Story

News Summary

  • Bitmine increased its Ethereum treasury to 5.82 million ETH, valued at $11 billion and comprising 4.8% of circulating supply.
  • With 87% of its holdings staked generating $250 million annually, the firm targets 5% total supply ownership amid growing institutional tokenization demand.
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2477.20 +22.22% over the displayed period

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