Bitmine, a crypto-focused firm, holds 5.78 million Ethereum, worth approximately $11.8 billion as of its latest disclosure. The position makes Bitmine one of the largest known Ethereum holders.
The size of the stake
The 5.78 million ETH figure represents a significant concentration of the cryptocurrency in a single entity. At the disclosed valuation of $11.8 billion, the holding dwarfs most publicly reported corporate crypto portfolios.
What's known about Bitmine's plans
Bitmine has not disclosed any plans to sell or add to its Ethereum holdings. The firm's strategy regarding the position remains unclear, and no timeline for any potential changes has been provided.
