Krutika Adani
The mining-turned-treasury giant now holds 566,776 ETH, worth $3,643.75 each, just 16 days post its $250M private placement.
BitMine’s Ethereum holdings expanded by over 700% from initial funding, driven by its aggressive accumulation strategy.
Chairman Thomas Lee says BitMine is on track to acquire and stake 5% of Ethereum’s total supply.
The company’s pivot from Bitcoin mining has made it one of the largest publicly traded Ethereum holders.
BitMine combines reinvestments, capital market activities, and staking yields to maximize ETH per share.