Bitmine, in collaboration with analyst Tom Lee, has reported an increase in its Ethereum holdings, now totaling 4,422,659 ETH as of February 22, up from 4.29 million ETH at the beginning of the month. This update reveals that 2,873,459 ETH is staked, which highlights Bitmine’s strategy to participate in network security. Additionally, the company holds 193 BTC, $691 million in unencumbered cash, and stakes valued at $200 million in Beast Industries and $17 million in Eightco. Bitmine’s ETH holdings represent 3.66% of the total Ethereum supply.
Bitmine’s Ethereum Holdings Rise to 4.4M as of February 22
