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Stock impact report

Bitmine Now Holds 4.17 Million ETH, 3.45% Ethereum's Total Supply [Yahoo! Finance]

Eightco Holdings Inc. (ORBS) 
Company Research Source: Yahoo! Finance
In particular, holding 4.168 million ETH, of which 1.256 million are staked to secure the Ethereum network and generate staking rewards for the company. Bitmine's treasury holdings update came in a press release dated on Jan. 12, in which its chairman, Thomas “Tom” Lee, urged shareholders to vote favorably to increase BMNR authorized shares, requiring 50.1% of outstanding shares to vote YES. This vote is crucial for Tom Lee's plans to raise funds and continue increasing Bitmine's treasury holdings. As of this writing, total holdings sum up to $14 billion, including the 4.17 million reported ETH at $3,119 per token, 193 BTC, a $23 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of $988 million. With this treasury size, Bitmine is the world's second-largest global treasury, only behind Michael Saylor's Strategy (NASDAQ:MSTR). Strategy has reportedly acquired 13,627 Bitcoin for $1.25 billion at $91,519 per bitcoin, as Coinspeaker noted . BMNR is also t Show less Read more
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