CryptoNeutralBlockonomi · 1d ago6/10
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Bitmine (BMNR) Amasses $10.7B Ethereum Treasury Following NYSE Upgrade
Bitmine (BMNR) has accumulated 4.87M ETH ($10.7B) representing 4% of total Ethereum supply, generating $212M in annual staking rewards following a NYSE upgrade. Despite this significant treasury position, the company's stock has declined 32% year-to-date, presenting a disconnect between asset holdings and equity valuation.
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