Bitmine Adds 28,086 ETH as Treasury Nears $14.8 Billion

Bitmine just grew its digital asset holdings by adding another 28,086 tokens to its balance sheet. The firm now controls roughly 5.93 million coins, valued at about $14.8 billion in current market prices. This massive accumulation puts the company very close to reaching its target of holding 5 percent of the total token supply.

Most of this enormous position is currently staked, allowing the company to earn passive rewards while holding the digital assets long term. This strategy turns the corporate balance sheet into one of the largest single bets on the asset anywhere in public markets today.

Traders and market watchers are keeping a close eye on these large corporate treasuries because they reduce the circulating supply available on exchanges. Watch for further accumulation updates from the company as they get closer to completing their stated supply goal.