RE: LeoThread 2025-12-07 03:20
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BitMine increased its ETH holdings by 40,000 coins last week, and Tom Lee stated that its ETH staking APY could reach $374 million.
January 26th — BitMine, the largest Ethereum-focused treasury firm, announced Thursday that its total holdings of crypto assets, cash and "potential projects" amount to $12.8 billion, per official sources. Key holdings include: - 4,243,338 ETH; - 193 BTC; - A $200 million equity stake in Beast Industries; - A $19 million equity investment in Eightco Holdings (NASDAQ: ORBS) — categorized as a "potential project"; - $682 million in cash. BitMine’s ETH holdings represent 3.52% of Ethereum’s total supply (120.7 million tokens). BitMine Chairman and Fundstrat analyst Thomas "Tom" Lee noted: "Over the past week, we’ve added 40,302 ETH to our holdings. Since mid-October, the ETH-to-BTC price ratio (ETHBTC) has climbed consistently — a trend we believe reflects investors’ recognition that Wall Street is building tokenization and other use cases on Ethereum
Big move by BitMine stacking that much ETH – shows real conviction in Ethereum's long-term utility. Smart to build positions over time instead of chasing hype; patience like that compounds wealth over decades