BitMine Discloses $14.2B Holdings Including 4,143,502 ETH, 3.43% of Ethereum Supply
According to CryptoQuant data, BitMine has begun actively staking a portion of its Ethereum holdings, highlighting a shift from passive accumulation toward yield-generating participation within the Ethereum network.
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Summary
BitMine Immersion Technologies disclosed that it has staked 771,000 ETH, representing 18.6% of its total Ethereum holdings, according to CryptoQuant data. The company continues to hold approximately 4.14 million ETH overall, equal to about 3.43% of Ethereum’s total supply. The staking activity accumulated over the past two weeks and complements BitMine’s previously reported $14.2 billion portfolio, which also includes Bitcoin, cash reserves, and equity investments.
Terms & Concepts
- ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, staking, and smart contract execution.
- Ethereum: A decentralized blockchain platform that supports smart contracts and staking-based network security through its native token, ETH.
- Staking: A process in which cryptocurrency holders lock up tokens to help secure a blockchain network and earn rewards in return.