Crypto
BitMine's Ethereum Staked Balance Holds Steady at $12.7 Billion
BitMine's Ethereum (ETH) holdings remained steady at 5.07 million as of August 30, according to its latest staking disclosure.
The company valued this position at $12.7 billion using an ETH price of $2,511 per coin.
This staked balance has remained unchanged from the previous four weekly readings.
Over the same period, BitMine acquired 53,501 ETH, bringing its total holdings to 5.9 million ETH.
The company's treasury is now valued at 4.9% of Ethereum's 120.7 million supply.