CryptoSlate9h agoBusiness
BitMine Nears 5% Ethereum Stake, Becoming Major Economic Participant
Quick Look
- Ethereum treasury company BitMine now holds 5,742,237 ETH, 4.8% of the total supply, nearing its 5% target.
- With $11.1 billion in assets and 85% of its ETH staked, BitMine is shifting from passive holder to active economic participant, influencing ETH demand and exposing investors to BMNR via the Russell 1000 Index.
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Ethereum treasury company BitMine now holds 5,742,237 ETH, 4.8% of the total supply, nearing its 5% target. With $11.1 billion in assets and 85% of its ETH staked, BitMine is shifting from passive holder to active economic participant, influencing ETH demand and exposing investors to BMNR via the Russell 1000 Index.
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This article was originally published by CryptoSlate.
