ethereumNovember 9, 2026
Bitmine Raises Reserve to 6.07M ETH
Bitmine bought 9,587 ETH over the past week. As of November 8, its reserves reached 6.07 million ETH, equal to 4.97% of Ethereum's total supply.
The company valued its crypto assets, cash, liquid securities and other investments at $14.3 billion combined. Staking accounts for 5.23 million ETH, or about 86% of Bitmine's holdings. At the current yield, the company expects to receive about $309 million a year from them.
Cash and liquid securities on its balance sheet totaled $475 million.
For someone holding or exchanging crypto, this means a notable share of Ethereum's supply is concentrated in one company, and most of it is staked.