Bitmine holds 5.21 million ETH, Tom Lee predicts cumulative momentum will slow
BMNR announced it holds 5.21 million ETH, accounting for 4.31% of Ethereum’s total supply, i.e., Ether’s total supply. Its total assets are about $13.4 billion (about $13.0 billion in ETH, $700 million in cash). 84% has been staked, with annualized returns of about $297 million. Chairman Tom Lee said it is close to the 5% threshold, and future buying inflows may slow down. BMNR will support operations with staking rewards, which differs from Strategy’s BTC value-storing path.
ChainNewsAbmedia·59m ago


