Bitmine recently bought an additional 9,587 ETH over the past week, increasing its total ethereum holdings to 6,070,092 ETH.
CoinPost reported on Sunday that this equals 4.97 percent of the total ethereum supply of 122.2 million ETH. The company has reached about 99 percent of its goal, set 15 months ago, to secure 5 percent of ethereum's supply.
In the same announcement, Bitmine disclosed that its total holdings, combining crypto with cash and marketable securities and so-called "Moonshot" investment assets, were $14.3 billion. The breakdown includes 6,070,092 ether, 216 bitcoin, $475 million in cash and marketable securities, $180 million worth of an equity stake in Beast Industries, and $75 million worth of a stake in Nasdaq-listed Aitco Holdings.
The core of its ethereum management strategy is staking. Bitmine said it was staking 5,227,037 ETH as of the same time. It put the value at $11.1 billion. That is about 86 percent of its total ethereum holdings.
Chairman Tom Lee (톰 리), who leads the company, directly addressed ethereum's value. He cited Vitalik Buterin saying, "Ethereum is a store of value and money," and said the remark clearly shows how ethereum will gain value in tokenisation and the artificial intelligence supercycle.
It also provided earnings projections. Lee said that if the company stakes all of its holdings through its infrastructure and staking partners, annual rewards could reach $359 million based on a 2.65 percent return over the past seven days. Under the current structure, in which it stakes about 5.2 million ETH, annual rewards are about $309 million, he said.
The figures the company disclosed show it is placing ethereum as a core asset in its financial strategy beyond simply holding it. Bitmine is already close to securing 5 percent of total supply. That is making whether it buys more and expands staking key variables in its next phase of asset management.
