BitMine bought 12,532 ether last week, marking a third consecutive week of smaller purchases, bringing its treasury to 6,028,946 ETH, representing 4.9% of total ETH supply. Chairman Tom Lee officially confirmed the end of the accumulation phase, stating only about 100,000 more ETH is needed to reach the 5% supply target, now expected by late 2026. The company has staked 84% of its ether, or 5,067,309 ETH, with a current 2.61% yield projected to generate 336 million dollars in annual revenue. Total treasury stands at 16.2 billion dollars, with 612 million in cash, while perpetual preferred stock BMNP offers a 9.56% yield.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
