Ethereum large holder Bitmine Immersion Technologies accelerates buying, new development in portfolio strengthening

robot
Abstract generation in progress

Bitmine Immersion Technologies, a company gaining attention in the blockchain industry, is actively implementing strategies to optimize its cryptocurrency portfolio. The company continues to increase its holdings based on an immersion-type investment approach for Ethereum, significantly impacting the market.

Increased Holdings from Last Week’s Purchases

In a transaction in mid-January, the company added 24,266 ETH to its holdings. This move suggests that the company’s ETH strategy is continuously evolving and reflects a long-term commitment to the Ethereum protocol.

Dominant Position Accounting for 3.45% of Total Supply

Currently, Bitmine Immersion Technologies holds approximately 4,168,000 ETH, representing about 3.45% of the current total Ethereum supply. This ratio clearly indicates that the company is a major player within the Ethereum ecosystem and has established a position with significant influence on market trends.

Diversified Asset Portfolio Valued at $14 Billion

The company’s total asset portfolio is valued at approximately $14 billion, comprising a diversified mix of cryptocurrencies—including Ethereum—cash assets, and other investment products. This balanced structure ensures resilience against market fluctuations while enabling strategic growth opportunities.

Sustainable Income from Staking Rewards

A particularly noteworthy point is that about 1,256,000 ETH of the company’s holdings are already staked. This immersion-based long-term holding strategy generates a stable income stream through transaction fees and staking rewards, maximizing the efficiency of the portfolio.

ETH2,42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)