Overview
- BitMine acquired 98,852 ether last week, lifting its treasury to 4,066,062 tokens equal to 3.37% of supply.
- The holdings are valued at just over $12 billion, with combined crypto, cash and moonshot assets now totaling $13.2 billion and cash at $1.0 billion.
- BitMine is the largest known ether reserve among publicly traded companies.
- Management targets ownership of 5% of ETH supply, describing the effort as the “Alchemy of 5%.”
- DropsTab data show the firm carries more than $3 billion in unrealized losses as prices swung through December.