The company added just 7,430 ETH, worth about $14 million, last week as it nears its goal to corner 5% of Ethereum's supply.
- Bitmine sharply slowed its Ethereum purchases last week, adding 7,430 ether worth about $14 million as it shifted capital to a share buyback program.
- The firm now holds about 5.78 million ETH, or roughly 4.8% of Ethereum’s circulating supply, and is nearing its goal of controlling 5% of the token’s supply.
- Bitmine repurchased approximately 5.5 million shares at an average price of $15.62 and continues to generate projected annualized staking revenue of about $247 million from 4.92 million staked ETH.
- 1 Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends 13 hours ago
- 2 Block's new voice AI sounds eerily human, sparking awe and scam fears 13 hours ago
- 3 Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations 14 hours ago
- 4 Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker 14 hours ago
- 5 Argentina drops criminal probe into President Milei over crashed memecoin LIBRA 14 hours ago
- 6 Wells Fargo, Cisco, Marvell among latest firms objecting to OKXICE's tokenized stock plan 15 hours ago
- 7 Bitcoin’s wealthy holders turning to loans and yield as investment habits mature: Xapo CEO 15 hours ago
- 8 U.S. Clarity Act failure gives Asia and Middle East a competitive edge, says Apex Group CEO 17 hours ago
- 9 Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet 1 day ago
- 10 Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports 1 day ago
Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends
Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker
Argentina drops criminal probe into President Milei over crashed memecoin LIBRA
Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends
Block's new voice AI sounds eerily human, sparking awe and scam fears
Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations
Original sourceCoinDesk
The original source remains the canonical version for attribution, rights, and later updates.
Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.
← Back to latest