TREE NEWS update: Bitmine Immersion Technologies said on October 12 it holds about 6.03 million ETH, roughly 4.9% of total ETH supply, after adding 12,532 ETH last week. The company’s crypto, cash, tradable securities and other investments total about $16.2 billion, with 5.067309 million ETH staked, valued at about $12.9 billion. Chairman Tom Lee said annualized staking revenue could reach about $400 million once all ETH is staked.
Bitmine Holds 6.03M ETH After Adding 12,532 Last Week, Worth $16.2B in Total Investments
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AI take
The scale is the story: a single corporate treasury now controls roughly 4.9% of all ETH supply, which turns Bitmine into a structural holder whose staking decisions matter for network yield and liquidity, not just its own balance sheet. The gap between the ETH held and the ETH staked also flags execution risk and timing around the remaining staking. Whether that concentration draws governance or regulatory attention, and whether Bitmine keeps adding at this pace, is the open question.
Generated by AI for reference only.
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