
#BitMine5.8METH
About BitMine5.8METH
BitMine disclosed that as of Aug 16 its ETH holdings rose to 5,815,164, up 9,926 on the week and about 4.8% of total ETH supply. Of that, 5,067,309 ETH is staked, roughly 87% of the position. Crypto assets, cash and other investments total about $11.4B. BitMine keeps buying while earning staking yield, turning a corporate treasury into yield management rather than buy and hold. The question is whether this creates lasting buy pressure, or whether concentration amplifies exit risk.
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