Overview
- Bitmine, which disclosed Monday it bought 71,252 ETH last week, lifted its treasury to 4,803,334 tokens equal to 3.98% of Ether’s circulating supply.
- The company has 3,334,637 ETH staked through MAVAN, a validator platform for institutions, producing about $196 million in annualized rewards at roughly a 2.78% yield.
- The stock will move from NYSE American to the New York Stock Exchange on April 9, with trading under the BMNR ticker and trading on the junior board ending after the close on April 8.
- Total holdings stand at about $11.4 billion, including $864 million in cash, 198 bitcoin, and equity stakes in Beast Industries and Eightco Holdings.
- Bitmine projects roughly $282 million in yearly rewards if it stakes its full ETH treasury, a payoff that could gain relevance as more ETH is locked for staking and exchange balances decline.