BitMine Immersion Technologies has disclosed a massive staked Ether position that it values at about $6.0 billion, turning the once-niche crypto treasury play BitMine Immersion Technologies has disclosed a massive staked Ether position that it values at about $6.0 billion, turning the once-niche crypto treasury play
BitMine’s ETH Stash Hits $6B, Raising Staking Inquiries
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BitMine Immersion Technologies has disclosed a massive staked Ether position that it values at about $6.0 billion, turning the once-niche crypto treasury play into one of the largest single corporate exposures to Ethereum’s yield mechanics. In an update circulated in the crypto press, the firm said it holds roughly 3,040,483 staked ETH, using an ETH reference price near $1,976. The company also said its combined crypto, cash and high-risk “moonshot” bucket totals about $9.9B. A Big Corporate Treasury Play That Looks More Like Infrastructure The headline figure is the claimed scale: BitMine framed its stake as around 3.71% of
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