BMNR Stock: BitMine Holds 6.06 Million ETH, About 4.9% of…
By Tobi Opeyemi Amure
AI summary of the source article
BitMine held 6,060,506 ETH as of November 1, representing 4.9% of the total ether supply. With total holdings valued at $14.5 billion, the company's $11.79 billion market capitalization trades at a $2.71 billion discount to its assets.
Key facts
- BitMine reported holding 6,060,506 ETH as of November 1, bringing total crypto, cash, and marketable securities to $14.5 billion.
- BMNR stock traded at a market value of $11.79 billion, representing a $2.71 billion discount against its stated holdings.
- The company has 5,227,037 ETH staked, with Chairman Tom Lee projecting annualized staking rewards at $415 million.
Source excerpt · FinanceFeeds
BitMine said it held 6,060,506 ETH as of 1 November at 4:00pm ET, or 4.9% of the 122.2 million ETH supply. Total crypto, cash and marketable securities came to $14.5 billion at $2,261 per ETH. BMNR stock closed Monday at $19.54, down 3.17%, and traded at $19.81 in Tuesday pre-market. BitMine’s market value is $11.79 billion against holdings it puts at $14.5 billion, a discount of $2.71 billion. BM…