Bitmine's ether treasury hits 4.8 million ETH as stock listing moves to NYSE
Why it matters: Bitmine's move to the NYSE and its 4.8 million ETH treasury could significantly impact its valuation and investor interest.
- Bitmine's ether treasury now totals 4.8 million ETH.
- The company holds 3.98% of all ether currently in circulation.
- Bitmine has staked $7.1 billion of its ether holdings.
- The staked ether is generating $196 million in annualized revenue.
- Bitmine's stock listing is transitioning to the NYSE.
Bitmine's ether treasury has swelled to 4.8 million ETH, representing nearly 4% of all ether in circulation, as the company prepares to list its stock on the NYSE. This substantial holding includes $7.1 billion in staked ether, which is currently generating an annualized revenue of $196 million.
