Overview
- BitMine says its treasury totals about $14 billion, including roughly 4.17 million ETH—about 3.45% of circulating supply—plus 193 BTC and $988 million in cash.
- The company disclosed it acquired more than 24,000 ETH in the past week and lifted cash by $73 million, underscoring continued accumulation efforts.
- Staking has begun with 1,256,083 ETH already staked, and the Made in America Validator Network is targeted for launch in the first quarter of 2026.
- Shareholders will vote at Wynn Las Vegas on a proposal to expand authorized shares from 500 million to 50 billion, a move that requires approval from 50.1% of outstanding shares.
- Shares advanced on Wednesday as ETH traded higher, with traders watching the vote outcome and ongoing volatility tied to BitMine’s equity-funded crypto strategy and NAV dynamics.